Tuesday, 17 March 2015
Quote for the day
“We have many complaints that institutional dominance of the stock market has put the small investor at a disadvantage because he can't compete with the trust companies' huge resources, etc. The facts are quite the opposite... I am convinced that an individual investor, with sound principles and soundly advised, can do distinctly better over the long pull than a large institution. Where the trust company may have to confine its operations to 300 concerns or less, the individual has up to 3,000 issues for his investigations and choice. Many true bargains are not available in large blocks; by this very fact the institutions are well-nigh eliminated as competitors of the bargain hunter.” - Benjamin Graham, 1974
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