The essence of investment management is the management of risks, not the management of returns.
BENJAMIN GRAHAMSuccessful investment may become substantially a matter of techniques and criteria that are learnable, rather than the product of unique and incommunicable mental powers.
More Benjamin Graham Quotes
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Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.
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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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Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.
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The 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.
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Why should the cotton growers suffer if there is shortage of wheat?
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Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.
BENJAMIN GRAHAM -
Stocks can be dynamite.
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The existence of such a war chest might go far to strengthen our prestige and frighten off any would be assailant.
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The best values today are often found in the stocks that were once hot and have since gone cold.
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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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Both individual skill (art) and chance are important factors in determining success or failure.
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Buy not on optimism, but on arithmetic.
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A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.
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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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Confusing speculation with investment is always a mistake.
BENJAMIN GRAHAM