Currents Quote by Benjamin Graham

People forget that although we can pinpoint the price, we can only guess at future earnings. The past isn't much help: It simply tells…

— Barry Ritholtz

Calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years.

— Benjamin Graham

History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

— David Dreman

When it comes to valuation, there's only one thing stock investors really care about, which is earnings.

— James B. Stewart

The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings.

— John C. Bogle

Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced.

— Alex Berenson

Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote not this…

— Louis Bachelier

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value…

— David Dreman

One has to know more about a company if one buys earnings.

— Walter Schloss

Some people always know the price, but not the value

— Oscar Wilde

If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the…

— Warren Buffett

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

— Benjamin Graham