Business Quote by Benjamin Graham
“The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.”
About This Quote
Source Book: The Intelligent Investor, 1949
Investors suffer when buying low‑quality assets during good times, ignoring risk.
In simple terms: Buying bad stocks in good markets hurts investors.
Prioritize quality over market optimism.
Themes
Mood
Type
When to use this quote
- portfolio construction
- market timing
- financial planning
Key Concepts
Questions to Reflect On
- How to spot quality in a booming market?
- What metrics best assess security quality?
Market optimism can mask risk.