Authors
Topics
Lists
Pictures
Resources
More about Benjamin Graham
Benjamin Graham -
The Intelligent Investor (1949)
105 Sourced Quotes
View all Benjamin Graham Quotes
Source
Report...
No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".
Benjamin Graham
Source
Report...
A great company is not a great investment if you pay too much for the stock.
Benjamin Graham
Source
Report...
Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.
Benjamin Graham
Source
Report...
It's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings.
Benjamin Graham
Source
Report...
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.
Benjamin Graham
Source
Report...
In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.
Benjamin Graham
Source
Report...
Investing isn't about beating others at their game. It's about controlling yourself at your own game.
Benjamin Graham
Source
Report...
Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.
Benjamin Graham
Source
Report...
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
Source
Report...
We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more that it is selling for.
Benjamin Graham
Source
Report...
The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.
Benjamin Graham
Source
Report...
To see how much a company is truly earning on the capital it deploys in its businesses, look beyond EPS to Return on Invested Capital (ROIC).
Benjamin Graham
Source
Report...
A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.
Benjamin Graham
Source
Report...
By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed.
Benjamin Graham
Source
Report...
It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.
Benjamin Graham
Source
Report...
Never mingle your speculative and investment operations in the same account nor in any part of your thinking.
Benjamin Graham
Source
Report...
We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initially test out his judgment on price versus value with the smallest possible sums.
Benjamin Graham
Source
Report...
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
Benjamin Graham
Source
Report...
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
Source
Report...
An investor calculates what a stock is worth, based on the value of its businesses.
Benjamin Graham
Source
Report...
The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average.
Benjamin Graham
Source
Report...
Successful investing is about managing risk, not avoiding it.
Benjamin Graham
Source
Report...
In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'
Benjamin Graham
Source
Report...
A speculator gambles that a stock will go up in price because somebody else will pay even more for it.
Benjamin Graham
Source
Report...
To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.
Benjamin Graham
1
2
3
4
5
Quote of the day
Be not afraid of life. Believe that life is worth living, and your belief will help create the fact.
William James
Benjamin Graham
Born:
May 9, 1894
Died:
September 21, 1976
(aged 82)
More about Benjamin Graham...
Featured Authors
Lists
Predictions that didn't happen
If it's on the Internet it must be true
Remarkable Last Words (or Near-Last Words)
Picture Quotes
Confucius
Philip James Bailey
Eleanor Roosevelt
Letitia Elizabeth Landon
Popular Topics
life
love
nature
time
god
power
human
mind
work
art
heart
thought
men
day
×
Lib Quotes