If you follow the behavioural and business principles that Graham advocates - and if you pay special attention to the invaluable advice in Chapters 8 and 20 - you will not get a poor result from your investments. (That represents more of a accomplishment than you might think.)
Whether you achieve outstanding results will depend on the effort and intellect you apply to your investments, as well as on the amplitudes of stock-market folly that prevail during your investing career.
The sillier the market's behaviour, the greater the opportunity for the business-like investor.
Follow Graham and you will profit from folly rather than participate in it.
Ref: Intelligent Investor by Benjamin Graham
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