Tome Treasure Treasure's Key Ideas from The Intelligent Investor
by Benjamin Graham

"Invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price."

"A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price."

"The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is a realist who sells to optimists and buys from pessimists."

"Since the profits that companies can earn are finite, the price that investors should be willing to pay for stocks must also be finite."

"You must thoroughly analyze a company, and the soundness of its underlying businesses, before you buy its stock; you must deliberately protect yourself against serious losses; you must aspire to adequate,not extraordinary, performance."