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The Intelligent Investor, Rev. Ed

Book by Benjamin Graham · 23 quotes · Investing, Investors, Investment

This book is a seminal work on investment philosophy and strategy, focusing on the principles of value investing. It provides in-depth analysis and practical advice for investors looking to make informed decisions in the stock market. The revised edition includes updated information and insights to reflect current market conditions.

Book detail: The Intelligent Investor, Rev. Ed is presented as a focused source page for quotations connected with this book, collection, transcript, or source record.

This book is a seminal work on investment philosophy and strategy, focusing on the principles of value investing. It provides in-depth analysis and practical advice for investors looking to make informed decisions in the stock market. The revised edition includes updated information and insights to reflect current market conditions.

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All Investing Investors Investment Streets Wall Intelligent Sound Application Average Chiefs Effort Ends Financial Ifs Issues Loss Making Money May Operations Optimist

The Intelligent Investor, Rev. Ed Quotes

“You must never delude yourself into thinking that you're investing when you're speculating.”

Thinking Investing

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“By developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.”

People Important Ends Destiny Discipline Investment Investing Financial Refuse Mood Developing Behave Swings Mood Swing

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The sillier the market's behavior, the greater the opportunity for the business like investor.”

Opportunity Greater Behavior Investing Investors

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”

Intelligent Sells Investing Investors Optimist Pessimist Realist Pendulums

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“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.”

Matter Seems Risk Exciting Safety Errors Investment Investing Careful Investors Odds Margins Insisting Being Wrong Overpaying

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.”

Book Form Purpose Policy Investment Investing Guidance Execution Adoption Suitable Layman

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“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".”

Past Remember Streets Wall Investing Statements Repeats Warning Remembering The Past

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this approach is as fallacious as it is popular.”

Persons Known Approach Investing Following Making Money Consistently Single Person

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The defensive (or passive) investor will place chief emphasis on the avoidance of serious mistakes or losses. His second aim will be freedom from effort, annoyance, and the need for making frequent decisions.”

Needs Loss Decision Effort Mistake Serious Aim Investing Chiefs Investors Passive Emphasis Avoidance Annoyance Serious Mistakes

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“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.”

Care Sound Security Investing Average Active Attractive Willingness Aggressive Investors Traits Selection Enterprising

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“For 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.”

Enough Would Be Issues Investing Dear

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.”

Causes Common Concern Investment Investing Distinction Speculation Disappearance

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“Never mingle your speculative and investment operations in the same account nor in any part of your thinking.”

Thinking Accounts Investment Investing Operations

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“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.”

Enjoy Sound Chance Results Streets Policy Wall Investing Average Reasonable Investors

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.”

Individual Issues Movement Investing All Time

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“An investor calculates what a stock is worth, based on the value of its businesses.”

Values Investing Investors

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“A speculator gambles that a stock will go up in price because somebody else will pay even more for it.”

Pay Investing Gamble Speculators

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.”

People Turns Virtue Streets Wall Investing Making Money Appeals Speculation Hype Brokers Gaudy

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.”

Source: The Intelligent Investor, Rev. Ed

“The investor's chief problem - and even his worst enemy - is likely to be himself.”

Problem Money Enemy Worst Investment Greed Investing Chiefs Investors Worst Enemy Best Investment Financial Success Great Management Capital Investment

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.”

Should Sound Principles Intelligent Investment Climate Investing Financial Decades Significant Application Mechanism Adapted Significant Change

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“Obvious prospects for physical growth in a business do not translate into obvious profits for investors.”

Growth Investing Profit Obvious Investors Translate Prospects

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster”

May Streets Wall Investing Disaster Enthusiasm Accomplishment Elsewhere Great Accomplishment

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

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