It is absurd to think that the general public can ever make money out of market forecasts.
BENJAMIN GRAHAMDiversification is an established tenet of conservative investment.
More Benjamin Graham Quotes
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If fees consume more than 1% of your assets annually, you should probably shop for another adviser.
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The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.
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No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the “margin of safety” – never overpaying, no matter how exciting an investment seems to be – can you minimize your odds of error.
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Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.
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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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Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.
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Even the most conservative must realize that the recent transformation of surplus from an individual to a national disaster implies a scathing indictment of our capitalist system as it has now developed.
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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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The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.
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There is a close logical connection between the concept of a safety margin and the principle of diversification.
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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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The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to the topsy-turvy Alice-in-Wonderland reasoning that has marked so much of our depression thinking and policy.
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Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.
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As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.
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The investor’s chief problem – and even his worst enemy – is likely to be himself.
BENJAMIN GRAHAM