Quote for the Week
Before I came down to Wall Street in 1914 the future of the stock market had already been forecast — once for all — in the famous dictum of JP. Morgan the elder: “It will fluctuate.” It is a safe prediction for me to make that, in future years as in the past, common stocks will advance too far and decline too far, and that investors, like speculators — and institutions, like individuals — will have their periods of enchantment and disenchantment with equities. — Ben Graham (source)