DAILY WALL STREET WISDOM · #030
💡
“Those who do not remember the past are condemned to repeat it.”
🇺🇸Benjamin Graham
Father of Value Investing
WHO SAID IT
🇺🇸 Benjamin Graham
Father of Value Investing
WHAT IT MEANS
Graham often quoted Santayana to warn investors about cyclical market behavior. Every generation of investors tends to believe 'this time is different,' only to learn the same painful lessons as their predecessors.
cycles