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Thinking Quotes - Page 677

I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management,

I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure.

"CNBC Exclusive: CNBC's Scott Wapner Interviews Carl Icahn and Bill Ackman from CNBC Institutional Investor Delivering Alpha Conference in NYC". "Closing Bell", www.cnbc.com. July 16, 2014.

It is absurd to think that the general public can ever make money out of market forecasts.

Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”