Benjamin Graham - Wrong Quotes

8 Sourced Quotes

View all Benjamin Graham Quotes
The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that the buyer's idea of value is more likely to be right than the market's. In this process the investor sets his judgement against that of the market. To some this may seem arrogant or foolhardy.

Benjamin Graham
You are neither right nor wrong because people agree with you.

Benjamin Graham
Past experience appears to have particular validity and value in dealing with the stock market. The good old rules all seem to be good still. It is conceivable, of course, that the continuity of the market may end someday—perhaps tomorrow—and past experience may really prove an handicap in meeting the new conditions, as it appeared to be a handicap for a great many months in 1927-29. But is it not the part of intelligence to run the small risk of being wrong by sticking to the old principles, rather than to run the big risk of being wrong by breaking away from past experience?

Benjamin Graham
It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.

Benjamin Graham
It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.

Benjamin Graham
The investor would not be far wrong if this motto read more simply: "Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop".

Benjamin Graham
No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the "margin of safety" - never overpaying, no matter how exciting an investment seems to be - can you minimize your odds of error.

Benjamin Graham
Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

Benjamin Graham