![Graham strongly felt that market prices could be considerably out of line with values. The reason for this discrepancy he took to be psychological. ...[T]he overall level of the market could go to extremes in either direction, as optimism or pessimism holds sway. ...[F]avored stocks would sell at unduly high prices, while unpopular stocks would sell at unduly low prices. (Benjamin Graham)](https://cdn.quotesdtb.com/img/quotes_images_webp/10/benjamin-graham-direction-discrepancy-1007110.webp)
Graham strongly felt that market prices could be considerably out of line with values. The reason for this discrepancy he took to be psychological. ...[T]he overall level of the market could go to extremes in either direction, as optimism or pessimism holds sway. ...[F]avored stocks would sell at unduly high prices, while unpopular stocks would sell at unduly low prices.
Benjamin GrahamRelated topics
direction discrepancy felt high level line low market optimism overall pessimism reason sell sway take while graham stocksRelated quotes
The working classes may be injuriously degraded and oppressed in three ways:1st - When they are neglected in infancy2nd - When they are overworked by their employer, and are thus rendered incompetent from ignorance to make a good use of high wages when they can procure them.3rd - When they are paid low wages for their labour.
Robert Owen
They act as they please: here and there, they use force against sovereign states, building coalitions based on the principle 'If you are not with us, you are against us.' To make this aggression look legitimate, they force the necessary resolutions from international organizations, and if for some reason this does not work, they simply ignore the UN Security Council and the UN overall.
Vladimir Putin
The legal system doesn't work. Or more accurately, it doesn't work for anyone except those with the most resources. Not because the system is corrupt. I don't think our legal system (at the federal level, at least) is at all corrupt. I mean simply because the costs of our legal system are so astonishingly high that justice can practically never be done.
Lawrence Lessig
We catched fish, and talked, and we took a swim now and then to keep off sleepiness. It was kind of solemn, drifting down the big still river, laying on our backs looking up at the stars, and we didn't ever feel like talking loud, and it warn't often that we laughed, only a kind of low chuckle. We had mighty good weather, as a general thing, and nothing ever happened to us at all, that night, nor the next, nor the next.
Mark Twain
Take the sum of human achievement in action, in science, in art, in literature -- subtract the work of the men above forty, and while we should miss great treasurers, even priceless treasures, we would practically be where we are today. . . . The effective, moving, vitalizing work of the world is done between the ages of twenty-five and forty.
William Osler
