The Intelligent Investor by Benjamin Grahamby Parker on Twos“Every day do something foolish, something creative, and something generous.” - Ben GrahamThe market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism. The intelligent investor is a realist who sells to optimists and buys from pessimists.The secret to your financial success is inside yourself. If you become a critical thinker, invest with patient confidence, you can take steady advantage of even the worst bear markets. By developing your discipline and courage, you can refuse to let other people’s mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.The investor’s chief problem is likely to be himself.If you’ve failed at investing so far, it’s not because you’re stupid. It’s because, you haven’t developed the emotional discipline that successful investing requires.By the time everyone decides that a given industry is “obviously” the best one to invest in, the prices of its stocks have been bid up so high that its future returns have nowhere to go but down.The death of the bull market is not the bad news everyone believes it to be. Thanks to the decline in stock prices, now is a considerably safer—and saner—time to be building wealth.