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Most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companies’ performance like a hawk; but he should give it a good, hard look from time to time.

  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.

    The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster

    While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.

    The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.

    An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.

    Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble… to give way to hope, fear and greed.

    Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble… to give way to hope, fear and greed.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - 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.

    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.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - The intelligent investor is likely to need considerable will power to keep from following the crowd. Download This Image

    The intelligent investor is likely to need considerable will power to keep from following the crowd.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - 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.

    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.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - 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.

    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
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.

    The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.

    The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - 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.

    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.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - The stock market resembles a huge laundry in which institutions take in large blocks of each others washing … without rhyme or reason.

    The stock market resembles a huge laundry in which institutions take in large blocks of each others washing … without rhyme or reason.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - No statement is more true and better applicable to Wall Street than the famous warning of Santayana: “Those who do not remember the past are condemned to repeat it”.

    No statement is more true and better applicable to Wall Street than the famous warning of Santayana: “Those who do not remember the past are condemned to repeat it”.

    BENJAMIN GRAHAM
  • Share on Facebook Tweet this! Share on LinkedIn Share on Whatsapp Share on Telegram Benjamin Graham Quote - It’s nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings.

    It’s nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings.

    BENJAMIN GRAHAM