Sep 12, 2008

Warren Buffett on investment opportunity and the upside of folly

Whether you achieve outstanding results will depend on the effort and intellect you apply to your investments, as well as on the amplitudes of stock-market folly that prevail during your investment career. The sillier the market's behavior, the greater the opportunity for the business-like investor.

~ Warren Buffett, preface to the 4th Edition of The Intelligent Investor, by Benjamin Graham

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