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As Benjamin Graham points out in his book, The Intelligent Investor, 2003 Revised Edition, “Suppose, as a practical test, we had asked a hundred security analysts to choose the ‘best’ five stocks in the Dow Jones Average, to be bought at the end of 1970. Few would have come up with identical choices and many of the lists would have differed completely from each other. This is not so surprising as it may at first appear.”
In fact, as Graham says further on, “…the view of any analyst that one