---
title: "12 Financial Quotes By Benjamin Graham"
description: "12 Financial quotes by Benjamin Graham. Plus more from Benjamin Graham and more Financial sayings from other authors."
image: "https://sms4smile.com/quotes/i/c5b/benjamin-graham-1531_balanced_the-world-has-not-learned-the-technique_1104899.jpg"
---

> [The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.](https://sms4smile.com/quotes/benjamin-graham/the-world-has-not-learned-the-technique-of-balanced-expansion-without/)

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

[Image](https://sms4smile.com/quotes/i/c5b/benjamin-graham-1531_balanced_the-world-has-not-learned-the-technique_1104899.jpg)

> [The memory of the financial community is proverbially and distressingly short.](https://sms4smile.com/quotes/benjamin-graham/the-memory-of-the-financial-community-is-proverbially-and/)

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

[Image](https://sms4smile.com/quotes/i/4f9/benjamin-graham-1531_community_the-memory-of-the-financial-community-is_714735.jpg)

> [there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present…](https://sms4smile.com/quotes/benjamin-graham/there-is-a-tendency-in-part-of-wall-street-people-to-pay-excessive/)

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

[Image](https://sms4smile.com/quotes/i/dc8/benjamin-graham-1531_attention_there-is-a-tendency-in-part-of-wall-stre_1330681.jpg)

> [The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted…](https://sms4smile.com/quotes/benjamin-graham/the-underlying-principles-of-sound-investment-should-not-alter-from/)

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

[Image](https://sms4smile.com/quotes/i/12b/benjamin-graham-1531_adapted_the-underlying-principles-of-sound-inves_2876989.jpg)

> [The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great…](https://sms4smile.com/quotes/benjamin-graham/the-money-cost-of-the-reservoir-plan-literally-fades-into/)

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

[Image](https://sms4smile.com/quotes/i/b20/benjamin-graham-1531_burden_the-money-cost-of-the-reservoir-plan-lit_786087.jpg)

> [By developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end,…](https://sms4smile.com/quotes/benjamin-graham/by-developing-your-discipline-and-courage-you-can-refuse-to-let-other/)

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

[Image](https://sms4smile.com/quotes/i/cde/benjamin-graham-1531_behave_by-developing-your-discipline-and-courag_1469936.jpg)

> [Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes…](https://sms4smile.com/quotes/benjamin-graham/before-you-place-your-financial-future-in-the-hands-of-an-adviser-it/)

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

[Image](https://sms4smile.com/quotes/i/f1d/benjamin-graham-1531_adviser_before-you-place-your-financial-future-i_2337769.jpg)

> [In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a…](https://sms4smile.com/quotes/benjamin-graham/in-the-financial-markets-hindsight-is-forever-20-20-but-foresight-is/)

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

[Image](https://sms4smile.com/quotes/i/c59/benjamin-graham-1531_blind_in-the-financial-markets-hindsight-is-fo_2310320.jpg)

> [The best way to measure your investing success is not by whether you're beating the market but by whether you've put in…](https://sms4smile.com/quotes/benjamin-graham/the-best-way-to-measure-your-investing-success-is-not-by-whether-you/)

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

[Image](https://sms4smile.com/quotes/i/bc4/benjamin-graham-1531_best-way_the-best-way-to-measure-your-investing-s_1169736.jpg)

> [... the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that…](https://sms4smile.com/quotes/benjamin-graham/the-loss-of-public-confidence-in-the-financial-community-growing-out/)

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

[Image](https://sms4smile.com/quotes/i/638/benjamin-graham-1531_community_the-loss-of-public-confidence-in-the-fin_1458292.jpg)

> [Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same.…](https://sms4smile.com/quotes/benjamin-graham/though-business-conditions-may-change-corporations-and-securities-may/)

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

[Image](https://sms4smile.com/quotes/i/ac5/benjamin-graham-1531_affected_though-business-conditions-may-change-co_1331958.jpg)

> [We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via…](https://sms4smile.com/quotes/benjamin-graham/we-are-convinced-that-the-intelligent-investor-can-derive/)

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

[Image](https://sms4smile.com/quotes/i/8b2/benjamin-graham-1531_analysis_we-are-convinced-that-the-intelligent-in_1348998.jpg)

## Other authors on Financial

## 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/)

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                        "text": "We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results.\" And \"The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.",
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