Valuation can matter Next: 3-1a4b2b What is smart at one price is dumb at another Related: 2-1a7a2 Assets with actual substance or weight have the best prospects over the long term 2-1a7a3 Ben Graham - ‘Markets are a voting machine in the short term and a weighing machine in the long term’ 13-1a3.0a Always go for the best—work on the best project, work in the best industry, work with the best people