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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

“In nine companies out of ten the factor of fluctuation has been a more dominant and important consideration in the matter of investment than has the factor of long-term growth or decline”

Long Has Beens Important Matter Growth Term Company Ten Investment Nine Factors Long Term Consideration Decline Dominant Fluctuation

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“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.”

“Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.”

Difficult Growth Company Forever Achievement Increase Size Brilliant Expansion Repetition Rapids Rapid Growth

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“we have complaints that institutional dominance of the stock market has put 'the small investor at a disadvantage because he can't compete with the trust companies' huge resources, etc. The facts are quite the opposite. It may be that the institutions are better equipped than the individual to speculate in the market.But I am convinced that an individual investor with sound principles, and soundly advised, can do distinctly better over the long pull than large institutions.”

May Long Facts Individual Sound Can Do Company Principles Huge Resources Opposites Institutions Convinced Etc Investors Complaints Disadvantages Dominance

Author:Benjamin Graham

“The thing that I have been emphasizing in my own work for the last few years has been the group approach. To try to buy groups of stocks that meet some simple criterion for being undervalued-regardless of the industry and with very little attention to the individual company.”

Trying Years Littles Has Beens Lasts Individual My Own Simple Attention Company Groups Industry Approach Investing Criteria Undervalued

Author:Benjamin Graham

“The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.”

Ifs Forget Results Pay Attention Company Return Investing Pay Attention Operations Investors Dividends

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“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).”

Looks Company Return Investing Earning

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“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.”

Company Investing Good And Bad Comes And Goes Bad Company Stock Price

Author:Benjamin Graham

“The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.”

Should Company Intelligent Investing Investors Panic Good Company Great Company

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“A great company is not a great investment if you pay too much for the stock.”

Ifs Pay Company Too Much Investment Investing Great Company

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“Most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companies' performance like a hawk; but he should give it a good, hard look from time to time.”

Needs Giving Should Years Looks Sometimes Hard Character Quality Company Watches Performances Investing Investors Hawks Business Change

Author:Benjamin Graham