Speculative 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.
BENJAMIN GRAHAMIn the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.
More Benjamin Graham Quotes
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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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A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.
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A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.
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Stocks can be dynamite.
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Diversification is an established tenet of conservative investment.
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It is a fact worth pondering that four centuries ago the evil of “an abundance or surplus” arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.
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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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Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same.
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The intelligent investor is a realist who sells to optimists and buys from pessimists.
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Confusing speculation with investment is always a mistake.
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Individuals who cannot master their emotions are ill-suited to profit from the investment process.
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Never mingle your speculative and investment operations in the same account nor in any part of your thinking.
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Do not let anyone else run your business
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I quickly convinced myself that the true key to material happiness lay in a modest standard of living which could be achieved with little difficulty under almost all economic conditions.
BENJAMIN GRAHAM -
THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible for the ensuing crash and depression.
BENJAMIN GRAHAM