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How should investors behave in the stock market ?

How should you behave in the stock market? An investor calculates what a stock is worth ,based on the value of its businesses.  A speculator gambles that a stock will go up in price because somebody else will pay even more for it. As Graham once put it, investors judge “the market price bye stablished standards of value,” while speculators “base [their] standards of value upon the market price.  For a speculator, the incessant stream of stock quotes is like oxygen; cut it off and hedies. For an investor, what Graham called “quotational” values matter muchless .Graham urges you to invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price.  Like casino gambling or betting on the horses, speculating in the market can be exciting or even rewarding (ifyouhappentogetlucky). But it’s the worst imaginable way to build your wealth. That’s because WallStreet, like LasVegas or the race track, has calibrated the odds so that the house always pre