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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

“Instead of passing blithely over into that Promised Land, flowing almost literally with milk and honey, it may be our destiny to wander a full 40 years or more in the wilderness of doubt and divided sentiments.”

Years May Destiny Doubt Land Passing Passings Wander Wilderness Sentiments Divided Honey Milk Our Destiny Promised Land Milk And Honey

Author:Benjamin Graham

“The story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.”

Thinking Years Stories Seems Age Lost Nations Simple Economic Approach Management Seven Fats Contact Welfare Egypt Prudent Homely

Author:Benjamin Graham

“Individual security bargains may be located by the process of security analysis practically at any time. They can be bought with good overall results at all periods except when the general market itself is clearly in a selling range for investors. They show up to best advantage during the years in which the market remains in a relatively narrow and neutral area.”

Years May Shows Individual Process Results Security Periods Advantage Areas Remains Selling Range Analysis Investors Bargains

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“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

“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

“It requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to wait for opportunities that may be spaced years apart.”

Thinking Years May Character Order Opportunity Waiting Fashion Opposites Crowds Strength Of Character

Book:Security Analysis, Sixth Edition, Part V - Analysis of The Income Account. The Earnings Factor in Common-Stock Valuation

Source: Security Analysis, Sixth Edition, Part V - Analysis of The Income Account. The Earnings Factor in Common-Stock Valuation

“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

“Calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years.”

Years Past Three Investing Average Currents Divided Formulas Three Years Earning Over The Past Ratios

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“... the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.”

Years Has Beens Done Values Community Loss Growing Streets Wall Financial Damage Equity

Author:Benjamin Graham

“Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good business conditions. The purchasers view the good current earnings as equivalent to 'earning power' and assume that prosperity is equivalent to safety.”

Years Loss Views Quality Conditions Security Taught Lows Safety Assuming Currents Prosperity Observation Chiefs Investors Earning Taught Us Good Business Purchasers

Author:Benjamin Graham

“If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market.”

People Ifs Years Happens Streets Wall Succeed Investing Forecasting

Author:Benjamin Graham

“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