"Mathematics is ordinarily considered as producing precise and……" — Benjamin Graham
"Mathematics is ordinarily considered as producing precise and dependable results; but in the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative are the conclusions we draw there from. Whenever calculus is brought in, or higher algebra, you could take it as a warning that the operator was trying to substitute theory for experience, and usually also to give to speculation the deceptive guise of investment."
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Benjamin Graham
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45 Quotes by Benjamin Graham
Benjamin Graham has 45 quotes on this site.
A few more worth reading:
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The investor's chief problem - and even his worst enemy - is likely to be himself.
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The individual investor should act consistently as an investor and not as a speculator. This means ... that he should…
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The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must…
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If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would…
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Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of…
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In the short run, the market is a voting machine, but in the long run it is a weighing machine.
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Buy not on optimism, but on arithmetic.
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I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.
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As in roulette, same is true of the stock trader, who will find that the expense of trading weights the…
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Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they…
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To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
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The intelligent investor is likely to need considerable will power to keep from following the crowd.
See all 45 quotes by Benjamin Graham »
More Abstruse Quotes
This quote is filed under Abstruse Quotes,
one of 17 quotes in that category. Here are a few more:
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Mathematics is an obscure field, an abstruse science, complicated and exact; yet so many have attained perfection in it that…
— Marcus Tullius Cicero
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And indeed nothing but the most determined scepticism, along with a great degree of indolence, can justify this aversion to…
— David Hume
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Nature . . . is inexorable and immutable; she never transgresses the laws imposed upon her, nor cares a whit…
— Galileo Galilei
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If the statistics are right, the Jews constitute but one percent of the human race. It suggests a nebulous dim…
— Mark Twain
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Omit a few of the most abstruse sciences, and mankind's study of man occupies nearly the whole field of literature.…
— Unknown Author
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Often when religious leaders come together, they talk about a particular sexual ethic, or an abstruse doctrine, as though this,…
— Karen Armstrong
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The excellence of aphorisms consists not so much in the expression of some rare or abstruse sentiment, as in the…
— Samuel Johnson
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Should a priest reject relativity because it contains no authoritative exposition on the doctrine of the Trinity? Once you realize…
— Georges Lemaitre
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I find no quality so easy for a man to counterfeit as devotion, though his life and manner are not…
— Michel de Montaigne
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For poets today or in any age, the choice is not between freedom on the one hand and abstruse French…
— James Fenton
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It is very pious to say and prudent to affirm that the holy Bible can never speak untruth -- whenever…
— Galileo Galilei
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There are greater depths and obscurities, greater intricacies and perplexities, in an elaborate and well-written piece of nonsense, than in…
— Joseph Addison
See all 17 Abstruse Quotes »