Wednesday, May 27, 2009

If You Think Worst Is Over, Take Benjamin Graham's Advice

There are no green shoots.

The illusionists are out in force, concocting lies to save their sorry behinds.

It will unravel. Slowly but surely. I have no doubts.


"It is sometimes said that to be an intelligent investor, you must be unemotional. That isn't true; instead, you should be inversely emotional.

Even after recent turbulence, the Dow Jones Industrial Average is up roughly 30% since its low in March. It is natural for you to feel happy or relieved about that. But Benjamin Graham believed, instead, that you should train yourself to feel worried about such events."
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