Benjamin Graham Quotes
(British-born American investor, economist, and professor)
May 9, 1894 – September 21, 1976

Benjamin Graham Quotes

Benjamin Graham Quote : successful investing is about managing risk, not avoiding it.

Successful investing is about managing risk, not avoiding it.

–Benjamin Graham
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In the short run, the market is a voting machine but in the long run, it is a weighing machine.

–Benjamin Graham
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Good management produce a good average market price, and bad management produce bad market prices.

–Benjamin Graham
Benjamin Graham Quote : By cheap and sell dear.

Buy cheap and sell dear.

–Benjamin Graham
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The stock investor is neither right nor wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.

–Benjamin Graham
Benjamin Graham Quote : The intelligent investor is a realist...

The intelligent investor is a realist who sells to optimists and buys from pessimists.

–Benjamin Graham
Benjamin Graham Quote : You must never delude yourself into thinking that...

You must never delude yourself into thinking that you’re investing when you’re speculating.

–Benjamin Graham
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The essence of investment management is the management of risks, not the management of returns.

–Benjamin Graham
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Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.

–Benjamin Graham
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People who invest make money for themselves; people who speculate make money for their brokers.

–Benjamin Graham
Benjamin Graham Quote : Those who do not remember the past...

Those who do not remember the past are condemned to repeat it.

–Benjamin Graham
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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.

–Benjamin Graham
Benjamin Graham Quote : Investment is most intelligent when it is most businesslike.

Investment is most intelligent when it is most businesslike.

–Benjamin Graham
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Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

–Benjamin Graham
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Individuals who cannot master their emotions are ill-suited to profit from the investment process.

–Benjamin Graham
Benjamin Graham Quote : Buy not on optimism, but on arithmetic.

Buy not on optimism, but on arithmetic.

–Benjamin Graham
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Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.

–Benjamin Graham
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An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.

–Benjamin Graham
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But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.

–Benjamin Graham
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In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

–Benjamin Graham
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A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.

–Benjamin Graham
Benjamin Graham Quote : Be fearful when others are greedy and greedy when others are fearful.

Be fearful when others are greedy and greedy when others are fearful.

–Benjamin Graham
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After all, the whole point of investing is not to earn more money than average, but to earn enough money to meet your own needs.

–Benjamin Graham
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The best values today are often found in the stocks that were once hot and have since gone cold.

–Benjamin Graham
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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.

–Benjamin Graham
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Never mingle your speculative and investment operations in the same account nor in any part of your thinking.

–Benjamin Graham
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The genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual qualities of character.

–Benjamin Graham
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On the other hand, investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only by the rules that put the odds squarely in your favor.

–Benjamin Graham
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Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars’ worth of groceries. Today, a five-year-old can do it.

–Benjamin Graham
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The volume of credit depends upon three factors: the desire to borrow, the ability to lend and the desire to lend.

–Benjamin Graham
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While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.

–Benjamin Graham
All things excellent are as difficult as they are rare.

All things excellent are as difficult as they are rare.

–Benjamin Graham
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The investment world nevertheless has enough liars, cheaters, and thieves to keep Satan’s check-in clerks frantically busy for decades to come.

–Benjamin Graham
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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.

–Benjamin Graham
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You will be much more in control, if you realize how much you are not in control.

–Benjamin Graham
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Before you place your financial future in the hands of an adviser, it’s imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.

–Benjamin Graham
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An investment operation is one that can be justified on both qualitative and quantitative grounds.

–Benjamin Graham
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If the reason people invest is to make money, then in seeking advice they are asking others to tell them how to make money. That idea has some element of naïveté.

–Benjamin Graham
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If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

–Benjamin Graham
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While a trend shown in the past is a fact, a “future trend” is only an assumption.

–Benjamin Graham
Plant trees that other men will sit under.

Plant trees that other men will sit under.

–Benjamin Graham
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Obvious prospects for physical growth in a business do not translate into obvious profits for investors.

–Benjamin Graham
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Abnormally good or abnormally bad conditions do not last forever.

–Benjamin Graham
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Astute observers of corporate balance sheets are often the first to see business deterioration.

–Benjamin Graham
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Without a saving faith in the future, no one would ever invest at all. To be an investor, you must be a believer in a better tomorrow.

–Benjamin Graham
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We must recognize, however, that intrinsic value is an elusive concept.

–Benjamin Graham
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Since the profits that companies can earn are finite, the price that investors should be willing to pay for stocks must also be finite.

–Benjamin Graham
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The work of a financial analyst falls somewhere in the middle between that of a mathematician and of an orator.

–Benjamin Graham
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Investment must always consider the price as well as the quality of the security.

–Benjamin Graham
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Principle for the securities analyst: Nearly every issue might conceivably be cheap in one price range and dear in another.

–Benjamin Graham