“Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.”
Quote by Benjamin Graham
Work
The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974
The proceedings of a seminar held on September 18, 1974, this book offers insights into various economic aspects. It covers discussions on the economy, interest rates, and portfolio management strategies. Additionally, it includes a comparative analysis of bonds and common stocks, providing a historical perspective on investment practices from that era. more
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
You May Also Like
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
“When you truly know the meaning of the word love, you will also know the meaning of the word pain.”
Source: Necessary Losses: The Loves Illusions Dependencies and Impossible Ex
“...the law which is never to be broken is never required.”
Source: The Gospel of Wealth Essays and Other Writings
“We discussed this very important issue yesterday over a beer.”