To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.


Chapter 20, "Margin of Safety": The Central Concept, p. 287 - The Intelligent Investor (1973) (Fourth Revised Edition)


To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.