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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 Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.”

Mean Important War Conditions Higher Standards Function Stores Developing Concrete Emergencies Drought Reservoirs Equalizer

Author:Benjamin Graham

“Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.”

Source: The Intelligent Investor: A Book of Practical Counsel

“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

“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

“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 most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell.”

“Knowledge is only one ingredient on arriving at a stock's proper price. The other ingredient, fully as important as information, is sound judgment.”

Important Sound Information Judgment Ingredients Arriving Sound Judgment

Book:The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974

Source: The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974

“Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.”

Way Important Happened Streets Wall Investing

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“Both individual skill (art) and chance are important factors in determining success or failure.”

Art Important Individual Chance Skills Factors Chances Are Success Or Failure

Book:Security Analysis: Principles and Technique

Source: Security Analysis: Principles and Technique

“The qualitative factors upon which most stress is laid are the nature of the business and the character of the management. These elements are exceedingly important, but they are also exceedingly difficult to deal with intelligently.”

Important Character Difficult Deals Elements Stress Management Factors Qualitative

Book:Security Analysis: The Classic 1934 Edition

Source: Security Analysis: The Classic 1934 Edition