“I have little confidence even in the ability of analysts, let alone untrained investors, to select common stocks that will give better than average results. Consequently, I feel that the standard portfolio should be to duplicate, more or less, the DJIA.”
Ben Graham (Warren Buffett's mentor) in 'The Memoirs of the Dean of Wall Street' (1996).
Patient passive investors.
“I have little confidence even in the ability of analysts, let alone untrained investors, to select common stocks that will give better than average results. Consequently, I feel that the standard portfolio should be to duplicate, more or less, the DJIA.”
Ben Graham (Warren Buffett's mentor) in 'The Memoirs of the Dean of Wall Street' (1996).