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James Grant, Minding Mr. Market

In bull markets, there is no clear demarcation between progress and fantasy. 'Find value, always' is as good a precept as any, but value is subjective and its definition is liable to change. In highly speculative markets, value means 'it is going up.' One must stay abreast.

Ben Graham

You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.

John F. Kennedy

Change is the law of life. And those who look only to the past or present are certain to miss the future

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