All time Quote by Benjamin Graham
“Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.”
About This Quote
Source Book: The Intelligent Investor, 1949
Market prices often overreact, moving excessively in both directions, especially in individual stocks.
In simple terms: Markets overreact, especially stocks.
Beware of extreme price swings.
Themes
Mood
Type
When to use this quote
- stock analysis
- portfolio management
- trading decisions
- financial planning
Key Concepts
Questions to Reflect On
- How do you identify overextension?
- When should you trust fundamentals?
Overreliance on trends can cause missed opportunities.