New analysis

Mr. Market

noun · a manic-depressive partner who quotes you a price every day
Definition

Imagine a partner who, every day, offers to buy your shares or sell you more, at a price he names. He is moody, often wrong, and his quote is yours to ignore or exploit.

Why it matters

You decide when to act. The market does not.

¬ Graham, Intelligent Investor (Ch. 8)
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