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Benjamin Graham

Benjamin Graham Quotes

Investor

Benjamin Graham, born on May 9, 1894, in London, England, was a renowned investor and securities analyst. He had a profound impact on the investment field and was hailed as the 'Father of Modern Investing'. Graham's investment philosophy emphasizes value investing, advocating for investors to focus on the fundamental aspects of companies rather than market sentiment. His book, 'The Intelligent Investor', has had a significant influence on generations of investors.

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Famous Benjamin Graham Quotes

“The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to the topsy-turvy Alice-in-Wonderland reasoning that has marked so much of our depression thinking and policy.”

Thinking Ideas Problem Common Support Economic Policy Solutions Common Sense Reasoning Wonderland Storage Economic Problems Topsy Turvy

Author:Benjamin Graham

“The genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual qualities of character”

Needs Doe Character Common Brain Quality Genuine Unusual Investors Equipment

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“Nearly everyone interested in common stocks wants to be told by someone else what he thinks the market is going to do. The demand being there, it must be supplied.”

Thinking Want Common Demand Being There

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“The history of the past fifty years, and longer, indicates that a diversified holding of representative common stocks will prove more profitable over a stretch of years than a bond portfolio, with one important provisio that the shares must be purchased at reasonable market levels, that is, levels that are reasonable in the light of fairly well-defined standards derived from past experience.”

Years Wells Important Light Past Levels Common Share Prove Standards Defined Reasonable Fifty Representatives Profitable Portfolios Past Experiences

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." ... The public owners seem to have abdicated all claim to control over the paid superintendents of their property.”

Ifs Seems Common Attitude Opinion Claims Paid Management Sells Property Finance Corporate Phrases Owners Investors Superintendents

Author:Benjamin Graham

“A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.”

“If General Motors is worth $60 a share to an investor it must be because the full common-stock ownership of this gigantic enterprise as a whole is worth 43 million (shares) times $60, or no less than $2,600 million.”

Ifs Whole Common Millions Share Enterprise Investors Ownership Motor General Motors

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“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

“The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.”

Form Common Issues Security Ideals Investing Determine Currents Analysis Attractive Valuation

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the applicable net current assets alone - after deducting all prior claims, and counting as zero the fixed and other assets - the results should be quite satisfactory.”

Ifs Should Stills Seems Simple Results Common Groups Claims Currents Fixed Acquire Zero Assets Counting

Author:Benjamin Graham

“Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.”

People Way Giving Time Hope Fear Money Common Subjects Consequence Investment Greed Investing Financial Tendencies Finance Professors Irrational Speculation Gamble Gamer Fluctuation

Author:Benjamin Graham

“If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.”

Ifs Way Common Intelligent Investing Shopping Perfume Groceries

Author:Benjamin Graham