djcb comments on Rationality Quotes July 2011 - Less Wrong

2 Post author: Normal_Anomaly 03 July 2011 06:41AM

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Comment author: djcb 03 July 2011 10:28:23AM 13 points [-]

In an article in a women’s magazine many years ago we advised the readers to buy their stocks as they bought their groceries, not as they bought their perfume.

-- Benjamin Graham The Intelligent Investor, 1949.

(I really like Graham's rational, down-to-earth approach to investing, and this quote is a good example of the kind of thinking he wants to convey)