The intelligent investor shouldn’t ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests.
BENJAMIN GRAHAMThe only thing you should do with pro forma earnings is ignore them.
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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Stocks can be dynamite.
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In the short run, the market is a voting machine, but in the long run it is a weighing machine.
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An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.
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At heart, “uncertainty” and “investing” are synonyms.
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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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By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed.
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The sillier the market’s behavior, the greater the opportunity for the business like investor.
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Rather should we say that the market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.
BENJAMIN GRAHAM -
The only thing you should do with pro forma earnings is ignore them.
BENJAMIN GRAHAM -
The value of any investment is, and always must be, a function of the price you pay for it.
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Confusing speculation with investment is always a mistake.
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For 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.
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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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Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.
BENJAMIN GRAHAM