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In the old legend, the wise men finally boiled down the history of mortal affairs into a single phrase: ‘This too will pass.’
Amazingly, Graham advised implementing the simplest but most effective investing tactic of all – decades before ETF Savings Plans made it easy:
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The device of “dollar-cost averaging,” which means simply that the practitioner invests in common stocks the same number of dollars each month or each quarter. In this way, he buys more shares when the market is low than when it is high, and he is likely to end up with a satisfactory overall price for all his holdings.
Looking back now, Benjamin Graham’s wisdom appears ahead of its time precisely because it is timeless as well as priceless.
Perhaps no greater tribute can be paid to him than that written by Warren Buffett, who said:
“Ben Graham was far more than an author or a teacher. More than any other man except my father, he influenced my life.”
Investing aside, Buffett movingly said that of all Graham’s virtues, his greatest was generosity. That he was the kind of man who planted trees that others would sit under.
By listening to Graham’s advice today, we can benefit from the fruits of his labour, planted years before we were born.
by Charlene Wuermeling
priligy buy 14 Price et al 12 reviewed the medical records of 93 consecutive patients with breast cancer referred to a single institution in Nova Scotia, Canada, and found that routine pathology review resulted in high or medium impact changes among 10 patients 11