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The genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual qualities of character.
Benjamin Graham
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I don't know what's the matter with people: they don't learn by understanding; they learn by some other way - by rote or something. Their knowledge is so fragile!
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Adam knew Eve his wife and she conceived. It is a pity that this is still the only knowledge of their wives at which some men seem to arrive.
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I want to block some common misunderstandings about "understanding": In many of these discussions one finds a lot of fancy footwork about the word "understanding."
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High achievements demand some other unusual qualification besides an unusual desire for high prizes.
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