1.Graham stated that "serious investors are not worried in the day-to-day or month-to-month fluctuations of the market." What effect may myopic behavior have on investors?

1.Graham states (well before it was known by the masses) that "performance (active) funds can beat the averages for a few years, but rarely ever keep up in the long run with the overall market averages." Why have passive funds beat active funds over the long run?

1.What advice does Graham give regarding handing over control of your finances to an adviser? What should the financial planning process entail according to Graham?