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Strategies & Market Trends : Value Investing
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From: Difco6/17/2011 11:17:08 PM
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TCCO (continued):

In the 'Intelligent Investor', Chapter 20 Graham says the following: "Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions."

I might have answered one of my questions - still looking for your thoughts.
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