Investors Quotes by Benjamin Graham

The sillier the market's behavior, the greater the opportunity for the business like investor.

— Benjamin Graham

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

— Benjamin Graham

The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.

— Benjamin Graham

The investor's chief problem - and even his worst enemy - is likely to be himself.

— Benjamin Graham

The intelligent investor is likely to need considerable will power to keep from following the crowd.

— Benjamin Graham

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

— Benjamin Graham

An investor calculates what a stock is worth, based on the value of its businesses.

— Benjamin Graham

To be an investor you must be a believer in a better tomorrow.

— Benjamin Graham

In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a…

— 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

The intelligent investor shouldn't ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it…

— Benjamin Graham

The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to…

— 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

To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and…

— Benjamin Graham

Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or…

— Benjamin Graham

Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices…

— Benjamin Graham

The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines…

— 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

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

— 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

Individual security bargains may be located by the process of security analysis practically at any time. They can be bought with good…

— Benjamin Graham

The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925…

— Benjamin Graham

Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only…

— Benjamin Graham

The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that the buyer's idea of…

— 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 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

We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via…

— Benjamin Graham

All the real money in investment will have to be made as most of it has been in the past not out…

— Benjamin Graham

The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is…

— Benjamin Graham

The investor has the benefit of the stock market's daily and changing appraisal of his holdings, 'for whatever that appraisal may be…

— Benjamin Graham

The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the…

— Benjamin Graham

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

— Benjamin Graham

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

— Benjamin Graham

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

— Benjamin Graham

Only in the exceptional case, where the integrity and competence of the advisers have been thoroughly demonstrated, should the investor act upon…

— Benjamin Graham

The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.

— Benjamin Graham

The investor should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could…

— Benjamin Graham

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his…

— Benjamin Graham

The genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual…

— Benjamin Graham

Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached,…

— Benjamin Graham