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Real Quotes - Page 362

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.

Benjamin Graham, Institute of Chartered Financial Analysts, Financial Analysts Research Foundation (1974). “The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974”

Reality is not easy, but all this make-believe doesn't make it easier.

Ayaan Hirsi Ali (2008). “Infidel”, p.225, Simon and Schuster

The task of the real intellectual consists of analyzing illusions in order to discover their causes.

"Federalism and the French Canadians". Book by Pierre Trudeau (p. 175), 1968.