The investor’s chief problem – and even his worst enemy – is likely to be himself.
BENJAMIN GRAHAMExperience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.
More Benjamin Graham Quotes
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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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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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It is absurd to think that the general public can ever make money out of market forecasts.
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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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Both individual skill (art) and chance are important factors in determining success or failure.
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Successful investing is about managing risk, not avoiding it.
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Wall Street people learn nothing and forget everything.
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The only thing you should do with pro forma earnings is ignore them.
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Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.
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In the short-run, the market is a voting machine – reflecting a voter-registration test that requires only money, not intelligence or emotional stability – but in the long- run, the market is a weighing machine.
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In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety, or values well in excess of the price paid.
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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 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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Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
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Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.
BENJAMIN GRAHAM