The value of any investment is, and always must be, a function of the price you pay for it.
BENJAMIN GRAHAMSuccessful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.
More Benjamin Graham Quotes
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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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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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If fees consume more than 1% of your assets annually, you should probably shop for another adviser.
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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.
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Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.
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Successful investing is about managing risk, not avoiding it.
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The intelligent investor gets interested in big growth stocks not when they are at their most popular – but when something goes wrong.
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Good managements produce a good average market price, and bad managements produce bad market prices.
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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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The most striking thing about Graham’s discussion of how to allocate your assets between stocks and bonds is that he never mentions the word “age”.
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The modern world is not geared properly to the storage of goods.
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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 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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Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.
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The true investor… will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.
BENJAMIN GRAHAM