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"Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good business conditions. The purchasers view the good current earnings as equivalent to 'earning power' and assume that prosperity is equivalent to safety."

— Benjamin Graham
benjamin graham Quotes Security,Chiefs,Taught Us

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Benjamin Graham
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Prosperity
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Observation
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Photograph because you love doing it, because you absolutely have to do it, because the chief reward is going to be the process of doing it. Other rewards - recognition, financial remuneration - come to so few and are so fleeting...Take photography on as a passion, not a career.

— Alex Webb

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The chief deficiency I see in the skeptical movement is its polarization: Us vs. Them - the sense that we have a monopoly on the truth; that those other people who believe in all these stupid doctrines are morons; that if you're sensible, you'll listen to us; and if not, to hell with you. This is nonconstructive. It does not get our message across. It condemns us to permanent minority status.

— Carl Sagan

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