Stocks can be dynamite.
Meaning
Graham used this blunt warning in The Intelligent Investor to remind readers that equities can build wealth or destroy it fast, depending on how carefully they are handled. Respect the risk: only invest money you will not need soon, diversify, and never borrow to buy shares.
Source: The Intelligent Investor (1949)
About the author
Benjamin Graham (1894-1976) was a British-born American economist and investor, widely known as the father of value investing. He wrote The Intelligent Investor and Security Analysis, and taught Warren Buffett.
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