Stocks can be dynamite.
BENJAMIN GRAHAMThe intelligent investor is likely to need considerable will power to keep from following the crowd.
More Benjamin Graham Quotes
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A great company is not a great investment if you pay too much for the stock.
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Mr. Market’s job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.
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Successful investment may become substantially a matter of techniques and criteria that are learnable, rather than the product of unique and incommunicable mental powers.
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Do not let anyone else run your business
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The intelligent investor is a realist who sells to optimists and buys from pessimists.
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It is a fact worth pondering that four centuries ago the evil of “an abundance or surplus” arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.
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While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
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Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.
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Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.
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A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.
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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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The only thing you should do with pro forma earnings is ignore them.
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Good managements produce a good average market price, and bad managements produce bad market prices.
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Buy not on optimism, but on arithmetic.
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In the short run, the market is a voting machine, but in the long run it is a weighing machine.
BENJAMIN GRAHAM