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Quote by Benjamin Graham

“It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.”

Quote by Benjamin Graham

Author

Benjamin Graham

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. more

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“Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.”

Wells Next Chance Levels Bears Thirds Selling Investors Bulls Sold Out Bull Markets

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“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

“The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that the buyer's idea of value is more likely to be right than the market's. In this process the investor sets his judgement against that of the market. To some this may seem arrogant or foolhardy.”

May Ideas Seems Values Process Issues Currents Judgement Investors Arrogant Bargains Buyers Appraisal Foolhardy

Author:Benjamin Graham

“Good managements produce a good average market price, and bad managements produce bad market prices.”

Produce Management Average Good Man

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.”

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 value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right questions, he is likely to get the right or at least valuable answers.”

Ifs Values Asks Answers Attitude Security Depends Valuable Investors Analysts Right Questions

Book:The Intelligent Investor: A Book of Practical Counsel

Source: The Intelligent Investor: A Book of Practical Counsel

“Whether we like it or not, government intervention in the face of surplus is here to stay.”

Government Faces Intervention Surplus Government Intervention

Author:Benjamin Graham

“It is a fact worth pondering that four centuries ago the evil of "an abundance or surplus" arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.”

Facts Today Lying Evil Four Century Abundance Thrown Pondering Surplus

Author:Benjamin Graham

“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