Margin Safety Quotes 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.

— 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…

— Benjamin Graham

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.

— 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.

— Benjamin Graham

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

— 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…

— 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…

— 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…

— 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…

— Benjamin Graham

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

— Benjamin Graham

Wall Street people learn nothing and forget everything.

— 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…

— Benjamin Graham

Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.

— 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…

— 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…

— Benjamin Graham