Chance Quote by Benjamin Graham
“By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed.”
About This Quote
Source Book: The Intelligent Investor by Benjamin Graham, 1949
Paying too much for an investment increases risk of loss; buying at a fair price protects wealth.
In simple terms: Avoid overpaying to protect wealth.
Buy at reasonable price.
Themes
Mood
Type
When to use this quote
- stock purchase
- real estate
- art acquisitions
- business deals
Key Concepts
Questions to Reflect On
- How do you assess fair value?
- What safeguards do you use?
Market fluctuations can still erode value even at fair price.