Mr. Market
Treat market quotes as offers to accept or ignore, not commands to act.
Published: 2025-12-26
Definition
Mr. Market personifies the stock market as an emotional partner who quotes prices daily.
Graham's lesson
Use his offers only when they are attractive versus your value estimate; otherwise ignore him.
How to apply
Set buy limits below your value, sell at premiums, and avoid reacting to volatility without value changes.