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 GRAHAMThe story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.
More Benjamin Graham Quotes
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At heart, “uncertainty” and “investing” are synonyms.
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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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Diversification is an established tenet of conservative investment.
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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.
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I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.
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To be an investor you must be a believer in a better tomorrow.
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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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Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ.
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Successful investing is about managing risk, not avoiding it.
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In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.
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The modern world is not geared properly to the storage of goods.
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An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
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there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.
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The essence of investment management is the management of risks, not the management of returns.
BENJAMIN GRAHAM







