Skip to content

Business Quote by Benjamin Graham

“The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.” quote by Benjamin Graham
Download Open image
“The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.”

Benjamin Graham

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.

Key Takeaway

Prioritize quality over market optimism.

Themes

investment strategy risk management valuation

Mood

cautious analytical

Type

advice financial

When to use this quote

  • portfolio construction
  • market timing
  • financial planning

Key Concepts

value investing behavioral finance

Questions to Reflect On

  • How to spot quality in a booming market?
  • What metrics best assess security quality?
A Different Perspective

Market optimism can mask risk.

3.7 out of 5 (10 ratings)

More by Benjamin Graham

Explore all 229 Benjamin Graham quotes

More Business quotes

Browse all 38,995 Business quotes