Benjamin Graham Quote

Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.


Chapter II, The Issue of Cartels, p. 21 - World Commodities and World Currencies (1944)


Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting ...

Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting ...

Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting ...

Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting ...