"I believe we may lessen the danger of buying and selling votes, by making the number of voters too great for any means of purchase. I may further say that I have not observed men's honesty to increase with their riches."

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All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.

— Benjamin Graham