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Never borrow money to invest. It destroys patience, which is the only real edge a value investor has.
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The stock market is a mechanism for transferring wealth from the impatient to the patient.
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You must be willing to hold a stock for years, sometimes decades, before it reaches its full value.
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Benjamin Graham taught me that the key to investing is buying a dollar for fifty cents.
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I have seen many booms and busts. The lesson is always the same: prices always come back to value.