---
title: "3 Buyers Quotes By Benjamin Graham"
description: "3 Buyers quotes by Benjamin Graham. Plus more from Benjamin Graham and more Buyers sayings from other authors."
image: "https://sms4smile.com/quotes/i/1dc/benjamin-graham-1531_business_mr-market-does-not-always-price-stocks-t_843064.jpg"
---

> [Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks…](https://sms4smile.com/quotes/benjamin-graham/mr-market-does-not-always-price-stocks-the-way-an-appraiser-or-a/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/1dc/benjamin-graham-1531_business_mr-market-does-not-always-price-stocks-t_843064.jpg)

> [It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity -…](https://sms4smile.com/quotes/benjamin-graham/it-is-our-argument-that-a-sufficiently-low-price-can-turn-a-security/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/cd3/benjamin-graham-1531_adequate_it-is-our-argument-that-a-sufficiently-l_1212988.jpg)

> [The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that the buyer's idea of…](https://sms4smile.com/quotes/benjamin-graham/the-purchase-of-a-bargain-issue-presupposes-that-the-market-s-current/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/231/benjamin-graham-1531_appraisal_the-purchase-of-a-bargain-issue-presuppo_2316919.jpg)

## Other authors on Buyers

- [Warren Buffett 9 quotes](https://sms4smile.com/quotes/about/buyers/warren-buffett/)

## More by Benjamin Graham

> [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that…](https://sms4smile.com/quotes/benjamin-graham/there-is-something-paradoxical-in-the-fact-that-by-establishing-an/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.](https://sms4smile.com/quotes/benjamin-graham/those-with-the-enterprise-lack-the-money-and-those-with-the-money/)

[Benjamin Graham](https://sms4smile.com/quotes/author/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 ill clothed.](https://sms4smile.com/quotes/benjamin-graham/it-must-be-fundamentally-wrong-to-reduce-production-of-food-and-fiber/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [The intelligent investor is a realist who sells to optimists and buys from pessimists.](https://sms4smile.com/quotes/benjamin-graham/the-intelligent-investor-is-a-realist-who-sells-to-optimists-and-buys/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone…](https://sms4smile.com/quotes/benjamin-graham/intelligent-investment-is-more-a-matter-of-mental-approach-than-it-is/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use…](https://sms4smile.com/quotes/benjamin-graham/many-progressive-economists-insist-that-gold-is-now-in-essentially/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor…](https://sms4smile.com/quotes/benjamin-graham/the-art-of-investment-has-one-characteristic-that-is-not-generally/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to…](https://sms4smile.com/quotes/benjamin-graham/we-have-not-known-a-single-person-who-has-consistently-or-lastingly/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [The essence of investment management is the management of risks, not the management of returns.](https://sms4smile.com/quotes/benjamin-graham/the-essence-of-investment-management-is-the-management-of-risks-not/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Wall Street people learn nothing and forget everything.](https://sms4smile.com/quotes/benjamin-graham/wall-street-people-learn-nothing-and-forget-everything/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety, or…](https://sms4smile.com/quotes/benjamin-graham/in-security-analysis-the-prime-stress-is-laid-upon-protection-against/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.](https://sms4smile.com/quotes/benjamin-graham/never-buy-a-stock-immediately-after-a-substantial-rise-or-sell-one/)

[Benjamin Graham](https://sms4smile.com/quotes/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…](https://sms4smile.com/quotes/benjamin-graham/observation-over-many-years-has-taught-us-that-the-chief-losses-to/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on…](https://sms4smile.com/quotes/benjamin-graham/no-matter-how-careful-you-are-the-one-risk-no-investor-can-ever/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "ItemList",
            "@id": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/#itemlist",
            "name": "3 Buyers Quotes By Benjamin Graham",
            "numberOfItems": 3,
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "item": {
                        "@type": "Quotation",
                        "text": "Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.",
                        "creator": {
                            "@type": "Person",
                            "name": "Benjamin Graham"
                        },
                        "url": "https://sms4smile.com/quotes/benjamin-graham/mr-market-does-not-always-price-stocks-the-way-an-appraiser-or-a/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/1dc/benjamin-graham-1531_business_mr-market-does-not-always-price-stocks-t_843064.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/1dc/benjamin-graham-1531_business_mr-market-does-not-always-price-stocks-t_843064.jpg",
                            "url": "https://sms4smile.com/quotes/i/1dc/benjamin-graham-1531_business_mr-market-does-not-always-price-stocks-t_843064.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business…” — Benjamin Graham",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "item": {
                        "@type": "Quotation",
                        "text": "It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that the buyer is informed and experienced and he practices adequate diversification. For, if the price is low enough to create a substantial margin of safety, the security thereby meets our criterion of investment.",
                        "creator": {
                            "@type": "Person",
                            "name": "Benjamin Graham"
                        },
                        "url": "https://sms4smile.com/quotes/benjamin-graham/it-is-our-argument-that-a-sufficiently-low-price-can-turn-a-security/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/cd3/benjamin-graham-1531_adequate_it-is-our-argument-that-a-sufficiently-l_1212988.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/cd3/benjamin-graham-1531_adequate_it-is-our-argument-that-a-sufficiently-l_1212988.jpg",
                            "url": "https://sms4smile.com/quotes/i/cd3/benjamin-graham-1531_adequate_it-is-our-argument-that-a-sufficiently-l_1212988.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound…” — Benjamin Graham",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "item": {
                        "@type": "Quotation",
                        "text": "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.",
                        "creator": {
                            "@type": "Person",
                            "name": "Benjamin Graham"
                        },
                        "url": "https://sms4smile.com/quotes/benjamin-graham/the-purchase-of-a-bargain-issue-presupposes-that-the-market-s-current/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/231/benjamin-graham-1531_appraisal_the-purchase-of-a-bargain-issue-presuppo_2316919.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/231/benjamin-graham-1531_appraisal_the-purchase-of-a-bargain-issue-presuppo_2316919.jpg",
                            "url": "https://sms4smile.com/quotes/i/231/benjamin-graham-1531_appraisal_the-purchase-of-a-bargain-issue-presuppo_2316919.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that…” — Benjamin Graham",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                }
            ]
        },
        {
            "@type": "CollectionPage",
            "@id": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/#webpage",
            "url": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/",
            "name": "Buyers Quotes by Benjamin Graham",
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "mainEntity": {
                "@id": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/#itemlist"
            },
            "primaryImageOfPage": {
                "@id": "https://sms4smile.com/quotes/i/1dc/benjamin-graham-1531_business_mr-market-does-not-always-price-stocks-t_843064.jpg"
            },
            "description": "3 Buyers quotes by Benjamin Graham. Plus more from Benjamin Graham and more Buyers sayings from other authors.",
            "breadcrumb": {
                "@id": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/#breadcrumb"
            }
        },
        {
            "@type": "BreadcrumbList",
            "@id": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/#breadcrumb",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Topics",
                    "item": "https://sms4smile.com/quotes/categories/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "Buyers",
                    "item": "https://sms4smile.com/quotes/about/buyers/"
                },
                {
                    "@type": "ListItem",
                    "position": 5,
                    "name": "Benjamin Graham",
                    "item": "https://sms4smile.com/quotes/about/buyers/benjamin-graham/"
                }
            ]
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
