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Benjamin Graham

“(The popularity of something like the Dow theory may seem to create its own vindication, since it would make the market advance or decline by the very action of its followers when a buying or selling signal is given. A “stampede” of this kind is, of course, much more of a danger than an advantage to the public trader.)”

Benjamin Graham, The Intelligent Investor
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The Intelligent Investor The Intelligent Investor by Benjamin Graham
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