In his book The Intelligent Investor, Benjamin Graham asked readers to imagine they are in business with a person named Mr. Market. This person is constantly offering to buy or sell shares, and because they suffer from a mood disorder, the only consistent thing about these offers is their extreme prices.
That means sometimes the price is far too high, and sometimes it’s far too low. Investors should remain patient and stick to their plans no matter what, but it’s not easy. This page collects some of the best advice we’ve found on how to do it.