Quote of the day by Benjamin Graham: "It is important to make sure that one is not lured by rash enthusiasm into commitments at levels greatly above those soundly warranted by the financial set-up and the earnings record"

Benjamin Graham’s quote cautions investors against overpaying for stocks during periods of market enthusiasm. The piece explains how strong financials and earnings records should guide investment decisions, highlighting risks of overvaluation and behavioural biases. It reinforces the importance of discipline, fundamentals and long-term thinking in investing.