Benjamin Graham

When Financial Markets Decouple From Reality
Financial markets have all but decoupled from reality. The manipulation of interest rates has completely distorted prices. If prices don't communicate useful information anymore, markets aren't markets. They're just vehicles for transferring money from one party to another.
How Mr Market Influences a Stock Price
Investor emotion accounts for these fluctuations. Many years ago, Benjamin Graham characterised this emotion as 'Mr Market'. Sometimes Mr Market was very happy and positive about the future and was willing to pay handsomely to buy shares. At other times, Mr Market thought the sky was falling in and wanted to give those same shares away at bargain prices.