6. "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." -
A reminder that successful investing is about managing risk and reward.
5. "The defensive investor must confine himself to the shares of important companies with a long record of profitable operations and in strong financial condition." -
This emphasizes the value of investing in companies with a solid track record and financial stability.
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