page 563, appendix: The New Speculation in Common Stocks first read 1973 in the 4th ed of Ben Graham's The Intelligent Investor.
In 1989 the light bulb sort of came on (so I'm a block head) - started buying and dollar cost averaging DRIP plan stocks from the middle of Moody's Handbook of Dividend Achievers(Mergent later bought this out).
erratic 8% - via 3-5% div.'s and spin offs, cash buyouts, mergers with cash kickers etc. 1989 - 2007. Down to 33 from a peak of over 50 DRIP's(two file cabinets). hormones like drugs are hard to kick. 40% of income some early years of ER.
1957 Speech is often overlooked when talking about Ben - skip all that fancy value/margin of safety crap - buy some middle way businesses that you know what they do and keep them. That way you avoid the magic, mystery and manipulation - boring but it works.
Yawn - so ok - maybe the Pats do have a good football team.
heh heh heh -