Mr. Market and its importance.

Mr. Market and its importance.
 How to avoid being influenced by the fluctuations in share prices? As the father of value investing Benjamin Grahm rightly said, to avoid being mesmerized by the daily fluctuations in stock prices, imgine that there is one Mr. Market- representing the stock market- who daily comes up with quotes for the shares you own & other co. share prices too. Some times his quotes seem reasonable –around the time when equity markets are trading at reasonable valuations of P/E of 12-15- but at other times they are downright silly- in bear and bull markets. It is upto the investor how he profits from these quotations say by buying company shares cheap in bear markets and selling them high in bull markets.