"The market is a pendulum that forever swings……" — Benjamin Graham
"The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists."
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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 Buys Quotes
This quote is filed under Buys Quotes,
one of 189 quotes in that category. Here are a few more:
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Mr. Morgan buys his partners; I grow my own.
— Andrew Carnegie
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The perfect mystic is not an ecstatic devotee lost in contemplation of Oneness, nor a saintly recluse shunning all commerce…
— Unknown Author
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The danger of what's happening right now in terms of using reconciliation is, the purpose of the Senate is going…
— Tom Coburn
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No innocent man buys a gun, and no happy man writes his memoirs.
— Garrison Keillor
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If a patron buys from an artist who needs money (needs money to buy tools, time, food), the patron then…
— Ezra Pound
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When a man spends his own money to buy something for himself, he is very careful about how much he…
— Milton Friedman
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When he buys his ties he has to ask if gin will make them run.
— F. Scott Fitzgerald
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Superfluous money buys wasted time, propelling desires that otherwise lay buried beneath the feet of honest toil.
— Unknown Author
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Money is of value for what it buys, and in love it buys time, place, intimacy, comfort, and a private…
— Mae West
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I'm a musician at heart. I know I'm not really a singer. I couldn't compete with real singers. But I…
— Nat King Cole
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The human animal is a beast that eventually has to die. If he's got money, he buys and he buys…
— Burl Ives
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Of *course* he needs to renegotiate his salary - the guy buys more snow than Seward did when he bought…
— Dennis Miller
See all 189 Buys Quotes »