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5. Avoid Timing the Market: Graham discourages attempts to time the market, as
it's notoriously difficult to do successfully.
Chapter 9: Investing in Investment Funds
1. Advantages of Funds: Graham acknowledges the benefits of investment funds,
such as diversification and professional management.
2. Understand Fund Objectives: Before investing in a fund, understand its objectives,
fees, and track record.
3. Hidden Costs: Be aware of hidden costs, such as sales charges and
management fees, which can significantly impact returns.
4. Passive vs. Active Funds: Graham discusses the merits of both passive (index)
and actively managed funds.
5. Caution with Funds: While funds offer convenience, investors should
carefully select funds that align with their goals and avoid overreliance on them.
Chapter 10: The Investor and His Advisors
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