Do not let anyone else run your business
BENJAMIN GRAHAMDo not let anyone else run your business
BENJAMIN GRAHAMTo achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
BENJAMIN GRAHAMThe intelligent investor gets interested in big growth stocks not when they are at their most popular – but when something goes wrong.
BENJAMIN GRAHAMDiversification is an established tenet of conservative investment.
BENJAMIN GRAHAMSpeculative 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 GRAHAMA speculator gambles that a stock will go up in price because somebody else will pay even more for it.
BENJAMIN GRAHAMThe ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.
BENJAMIN GRAHAMThe purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.
BENJAMIN GRAHAMThe underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.
BENJAMIN GRAHAMGood managements produce a good average market price, and bad managements produce bad market prices.
BENJAMIN GRAHAMAs in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.
BENJAMIN GRAHAMAn investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
BENJAMIN GRAHAMThe market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.
BENJAMIN GRAHAMThe only thing you should do with pro forma earnings is ignore them.
BENJAMIN GRAHAMThe 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 GRAHAMNever buy a stock because it has gone up or sell one because it has gone down.
BENJAMIN GRAHAM