Words to Remember
Investing Starts And Ends With Self-Control 🧠
“The investor's chief problem, and even his worst enemy, is likely to be himself.”
Why we ran it
Meta jumped 9% on plans to rent out its excess compute while the neocloud names got hit, and the issue argued there was more than one way to read the move. At the halfway point of a strong year, the biggest risk to a portfolio was the person holding it. Graham said it first.
From the July 3, 2026 issue: Cloudy With A Chance Of Excess →