In the short term, the market is a voting machine. In the long term, it’s a weighing machine. Don’t try to predict market sentiment—it’ll only turn you into cannon fodder. The essence of investing is buying assets with a margin of safety at a price below intrinsic value, then patiently waiting for the market to correct its mistakes. He taught throughout his life: the margin of safety is your shield. Buying stocks is like buying a discounted farm: ignore the weather (market), focus on the soil (fundamentals). Graham’s student Buffett said: his book saved my life. The philosophy of trading: don’t bet on luck, bet on probability. Calculate your moat with numbers, not feelings—you’ll transform from a gambler into an architect. —Benjamin Graham (Father of Value Investing, Buffett’s mentor, author of *The Intelligent Investor*)