"Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal."
– Benjamin Graham

The Through Line: Price fluctuations are a normal (if uncomfortable) part of being an investor in public markets. However, there’s a difference between knowing this in our heads and wading through it with churning stomachs. Understanding volatility and using price fluctuations constructively can be beneficial – with careful navigation.

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