Books Quote by Benjamin Graham
““From these two broad examples we draw two morals for our readers: Obvious prospects for physical growth in a business do not translate into obvious profits for investors. The experts do not have dependable ways of selecting and concentrating on the most promising companies in the most promising industries.””
About This Quote
Source Book: The Intelligent Investor by Benjamin Graham, 1949
Physical growth in a business doesn’t guarantee investor profit; experts lack reliable methods to pick top companies in top industries.
In simple terms: Business growth ≠ investor profit; selection methods are weak.
Key Takeaway
Don’t assume growth equals returns; improve selection.
Themes
investment
business
analysis
Mood
cautious
analytical
Type
financial
advisory
When to use this quote
- portfolio building
- venture capital
- stock picking
- market research
Key Concepts
valuation
selection risk
industry trends
Questions to Reflect On
- How can investors better assess true profit potential?
- What data improve selection accuracy?
A Different Perspective
Selection models are often imperfect and biased.
