Benjamin Graham Quote

It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that the buyer is informed and experienced and he practices adequate diversification. For, if the price is low enough to create a substantial margin of safety, the security thereby meets our criterion of investment.

The Intelligent Investor: A Book of Practical Counsel (ed. Prabhat Prakashan, 1972)