The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.
BENJAMIN GRAHAMSpeculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.
More Benjamin Graham Quotes
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Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
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The volume of credit depends upon three factors: the desire to borrow, the ability to lend and the desire to lend.
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Always buy your straw hats in the Winter
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The thing that I have been emphasizing in my own work for the last few years has been the group approach. To try to buy groups of stocks that meet some simple criterion for being undervalued-regardless of the industry and with very little attention to the individual company.
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The investor should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could vary widely in market price in response to changes in interest rates.
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The genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual qualities of character
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Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.
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It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.
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Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.
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Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.
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Mr. Market’s job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.
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Losing some money is an inevitable part of investing, and there’s nothing you can do to prevent it. But to be an intelligent investor, you must take responsibility for ensuring that you never lose most or all of your money.
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Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.
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Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.
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Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.
BENJAMIN GRAHAM