Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.


Introduction, p. xxiv - The Intelligent Investor: The Classic Text on Value Investing (1949)


Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature...

Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature...

Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature...

Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature...