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— John Maynard Keynes"To suppose that safety-first consists in having a small gamble in a large number of different companies where I have no information to reach a good judgment, as compared with a substantial stake in a company where one's information is adequate, strikes me as a travesty of investment policy."
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It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that the buyer is informed and experienced and he practices adequate diversification. For, if the price is low enough to create a substantial margin of safety, the security thereby meets our criterion of investment.
— Benjamin Graham
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The past several months have brought on much introspection, and I have decided that while my desire to compete on Sundays is still and always will be there, my willingness to commit to the preparation necessary to play another season has waned to a level that I feel is no longer adequate to meet the demands of the position.
— Kerry Collins
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