"The function of the margin of safety is,……" — Benjamin Graham

"The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future."

— Benjamin Graham

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45 Quotes by Benjamin Graham

Benjamin Graham has 45 quotes on this site. A few more worth reading:

The investor's chief problem - and even his worst enemy - is likely to be himself.
The individual investor should act consistently as an investor and not as a speculator. This means ... that he should…
The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must…
If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would…
Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of…
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Buy not on optimism, but on arithmetic.
I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.
As in roulette, same is true of the stock trader, who will find that the expense of trading weights the…
Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they…
To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
The intelligent investor is likely to need considerable will power to keep from following the crowd.

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More Accurate Quotes

This quote is filed under Accurate Quotes, one of 479 quotes in that category. Here are a few more:

All photographs are accurate. None of them is the truth. — Richard Avedon
In artillery exercises, women always win because they're more accurate. — Michelle Bachelet
Numbers are the product of counting. Quantities are the product of measurement. This means that numbers can conceivably be accurate… — Gregory Bateson
To give an accurate and exhaustive account of that period would need a far less brilliant pen than mine. — Max Beerbohm
An accurate knowledge of the past of a country is necessary for everyone who would understand its present, and who… — Annie Besant
I move on stage differently. The more you act, anyway, the more you live, your perception of life becomes more… — Juliette Binoche
Trust in yourself. Your perceptions are often far more accurate than you are willing to believe. — Claudia Black
Simply stated, the need for accurate intelligence and prescient analysis from CIA has never been greater than it is in… — John O. Brennan
Americans need accurate information in order to consider Social Security reform. Too bad the media can't be counted upon to… — Herman Cain
My public caricature - that of a self-confident alpha male - is only partly accurate. — Alastair Campbell
Black people don't have an accurate idea of their history, which has been either suppressed or distorted. — Kareem Abdul-Jabbar
I try never to focus on the radio, just find great songs, find emotion and just write the best songs… — Gary Allan

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