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— Bobby Jones"I had held a notion that I could make a pretty fair appraisal of the worth of an opponent simply by speaking to him on the first tee and taking a good measuring look into his eyes."
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Roque...lined his men up and had them produce all the clothing, jewels, money, and other objects that they had stolen since the last time they had divided the spoils. Having made a hasty appraisal and reduced to terms of money those items that could not be divided, he split the whole into shares with such equity and exactitude that in not a single instance did he go beyond or fall short of a strict distributive justice. They were all well satisfied with the payment received, indeed they were quite well pleased; and Roque then turned to Don Quixote.
— Miguel de Cervantes
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The investor has the benefit of the stock market's daily and changing appraisal of his holdings, 'for whatever that appraisal may be worth', and, second, that the investor is able to increase or decrease his investment at the market's daily figure - 'if he chooses'. Thus the existence of a quoted market gives the investor certain options which he does not have if his security is unquoted. But it does not impose the current quotation on an investor who prefers to take his idea of value from some other source.
— Benjamin Graham
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