“If history counts for anything, the stock market is much more likely than not to advance to a point of real danger.” — Ben Graham
“The explanation cannot be found in any mathematics but has to be found in investor psychology. You can have an extraordinary difference in the price level nearly because, not only speculators but investors themselves, are looking at the situation through rose-colored glasses rather than dark blue glasses.” — Ben Graham
“Warren, don’t worry too much about making money. It won’t change the way you live. It’ll change the way our wives live. But look, you and I are wearing the same clothes and eating in the same cafeteria. So relax.” — Ben Graham to Warren Buffett
A Rare Video of Warren Buffett (1962)
This is a glimpse of Warren Buffett as a young man — perhaps the earliest known video of him speaking on markets. The insights here are invaluable to students of investing.
Tip: Skip to 9:45 in the first video to hear Buffett’s talk begin.