Benjamin Graham

It requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to…

— Benjamin Graham

“The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and…

— Benjamin Graham

Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes…

— Benjamin Graham

A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.

— Benjamin Graham

The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do…

— Benjamin Graham

Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices,…

— Benjamin Graham

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with…

— 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…

— Benjamin Graham

“Graham developed his core principles, which are at least as valid today as they were during his lifetime: A stock is not…

— Benjamin Graham

The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to…

— Benjamin Graham

we have complaints that institutional dominance of the stock market has put 'the small investor at a disadvantage because he can't compete…

— Benjamin Graham

The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive…

— Benjamin Graham

A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than…

— Benjamin Graham

“The "new-era" doctrine - that "good" stocks (or "blue chips") were sound investments regardless of how high the price paid for them…

— Benjamin Graham

The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst…

— Benjamin Graham

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market…

— Benjamin Graham

The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted…

— Benjamin Graham

The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.

— Benjamin Graham

Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved…

— Benjamin Graham

Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act…

— Benjamin Graham

The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.

— Benjamin Graham

THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is…

— Benjamin Graham

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

— Benjamin Graham

It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and…

— Benjamin Graham

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

— Benjamin Graham

Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is…

— Benjamin Graham

It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end…

— Benjamin Graham

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one…

— Benjamin Graham

“A strong-minded approach to investment, firmly based on the margin-of-safety principle, can yield handsome rewards. But a decision to try for these…

— Benjamin Graham

“We recommended that the investor divide his holdings between high-grade bonds and leading common stocks; that the proportion held in bonds be…

— Benjamin Graham

The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further…

— Benjamin Graham

The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest…

— Benjamin Graham

In other words, the market is not a weighing machine, on which the value of each issue is recorded by an exact…

— Benjamin Graham

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after…

— Benjamin Graham

“The underlying factor here is the tendency of the security markets to undervalue issues that are involved in any sort of complicated…

— Benjamin Graham

Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions…

— Benjamin Graham

No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by…

— Benjamin Graham

If General Motors is worth $60 a share to an investor it must be because the full common-stock ownership of this gigantic…

— Benjamin Graham

“this book will teach you three powerful lessons: how you can minimize the odds of suffering irreversible losses; how you can maximize…

— Benjamin Graham

I am more and more impressed with the possibilities of history's repeating itself on many different counts. You don't get very far…

— Benjamin Graham