Ben Graham: Irrational

“Obviously the stock market is quite irrational in thus varying its valuation of a company proportionately with the temporary changes in reported proļ¬ts. A private business might easily earn twice as much in a boom year as in poor times, but its owner would never think of correspondingly marking up or down the value of his capital investment.”
—Ben Graham.

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David Cassidy: Role models

“Kids need role models, whether it’s baseball players, actors or musicians: people to bring a little positive light into their hearts and minds. We need to be a little kinder to those people because it’s not easy being that role model, looked upon as something we are all incapable of being – too perfect.”
—David Cassidy.