Advantage Quote by Benjamin Graham
“Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.”
About This Quote
Source Book: The Intelligent Investor by Benjamin Graham, 1949
Investors must view market prices as information, not directives, and decide if acting on them serves their goals.
In simple terms: Market prices are data; you decide what to do.
Analyze before acting.
Themes
Mood
Type
When to use this quote
- stock trading
- portfolio management
- financial planning
Key Concepts
Questions to Reflect On
- How do you separate noise from signal?
- When is it better to wait?
Market can be irrational; timing is uncertain.