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”.
BENJAMIN GRAHAMIn 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.
More Benjamin Graham Quotes
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It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.
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Successful investing is about managing risk, not avoiding it.
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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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Before you place your financial future in the hands of an adviser, it’s imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.
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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.
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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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Do not let anyone else run your business
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To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
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The intelligent investor is a realist who sells to optimists and buys from pessimists.
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Whether we like it or not, government intervention in the face of surplus is here to stay.
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Stock speculation is largely a matter of A trying to decide what B, C and D are likely to think-with B, C and D trying to do the same.
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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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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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It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.
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The modern world is not geared properly to the storage of goods.
BENJAMIN GRAHAM