--- title: "Meaning & Key Takeaway of: Although there are good and bad…" description: "\"Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.\" — Benjamin Graham" image: "https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg" --- # Although there are good and bad companies, there is no… ![“Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.” quote by Benjamin Graham](https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg) [Download](https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg) [Open image](https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg) > “Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.” [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Stock value depends on price fluctuations, not inherent goodness; good prices are temporary. **In simple terms:** Stocks are good only when priced well. Key Takeaway Focus on price, not label. Themes investment valuation market dynamics Mood analytical cautious Type financial advisory When to use this quote - stock picking - portfolio management - trading strategies Key Concepts Efficient market hypothesis price theory Questions to Reflect On - How do you assess a stock's true value? - What risks arise from chasing price trends? A Different Perspective Price can be misleading without fundamentals. ★ ★ ★ ★ ★ No ratings yet [Bad Companies](https://sms4smile.com/quotes/about/bad-companies-2005140/) [Bad company](https://sms4smile.com/quotes/about/bad-company/) [Comes and goes](https://sms4smile.com/quotes/about/comes-and-goes/) [Company](https://sms4smile.com/quotes/about/company/) [Customer](https://sms4smile.com/quotes/about/customer/) [Good and bad](https://sms4smile.com/quotes/about/good-and-bad/) [Good Stock](https://sms4smile.com/quotes/about/good-stock-853249/) [Investing](https://sms4smile.com/quotes/about/investing/) [Stock](https://sms4smile.com/quotes/about/stock/) [Stock Good](https://sms4smile.com/quotes/about/stock-good-1305605/) [Stock price](https://sms4smile.com/quotes/about/stock-price/) [Stock Prices](https://sms4smile.com/quotes/about/stock-prices-472307/) ## Related quotes > [Ram, ass, and horse, my Kyrnos, we look over With care, and seek good stock for good to cover; And yet the best men…](https://sms4smile.com/quotes/theognis-of-megara/ram-ass-and-horse-my-kyrnos-we-look-over-with-care-and-seek-good/) [Theognis of Megara](https://sms4smile.com/quotes/author/theognis-of-megara/) > [“Plantations of good morals are easily captivated, colonized and corrupted by the pests of a bad company. Spray away bad companies and you will…](https://sms4smile.com/quotes/israelmore-ayivor/plantations-of-good-morals-are-easily-captivated-colonized-and/) [israelmore ayivor](https://sms4smile.com/quotes/author/israelmore-ayivor/) > [Bad companies are destroyed by crisis. Good companies survive them. Great individuals, like great companies, find a way to transform weakness into strength.](https://sms4smile.com/quotes/ryan-holiday/bad-companies-are-destroyed-by-crisis-good-companies-survive-them-2/) [Ryan Holiday](https://sms4smile.com/quotes/author/ryan-holiday/) > [Bad companies are destroyed by crisis, Good companies survive them, Great companies are improved by them.](https://sms4smile.com/quotes/andy-grove/bad-companies-are-destroyed-by-crisis-good-companies-survive-them/) [Andy Grove](https://sms4smile.com/quotes/author/andy-grove/) > [If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that…](https://sms4smile.com/quotes/robert-f-engle/if-you-have-information-that-a-company-is-not-as-good-as-its-stock/) [Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/) > [If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number.…](https://sms4smile.com/quotes/jeff-bezos/if-you-look-at-academic-studies-you-can-see-that-stock-prices-are/) [Jeff Bezos](https://sms4smile.com/quotes/author/jeff-bezos/) > [It's not that stock prices are capricious. It's that the news is capricious.](https://sms4smile.com/quotes/burton-malkiel/it-s-not-that-stock-prices-are-capricious-it-s-that-the-news-is/) [Burton Malkiel](https://sms4smile.com/quotes/author/burton-malkiel/) > [Stock prices aren't real things. They're just froth on a wave. The wave is the only real thing, which investors forget when they're watching…](https://sms4smile.com/quotes/jane-bryant-quinn/stock-prices-aren-t-real-things-they-re-just-froth-on-a-wave-the-wave/) [Jane Bryant Quinn](https://sms4smile.com/quotes/author/jane-bryant-quinn/) > [Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by…](https://sms4smile.com/quotes/robert-j-shiller/stock-prices-are-likely-to-be-among-the-prices-that-are-relatively/) [Robert J. Shiller](https://sms4smile.com/quotes/author/robert-j-shiller/) > [I always had faith in the internet. I believed in it and thought it was obviously going to change the way the world worked.…](https://sms4smile.com/quotes/takafumi-horie/i-always-had-faith-in-the-internet-i-believed-in-it-and-thought-it/) [Takafumi Horie](https://sms4smile.com/quotes/author/takafumi-horie/) > [Stocks always go down much faster than they go up. That's why it's called a crash. People who put their money into the stocks…](https://sms4smile.com/quotes/michael-hudson/stocks-always-go-down-much-faster-than-they-go-up-that-s-why-it-s/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Sell before the holidays. Stock prices tend to rise on the last trading day before major holidays.](https://sms4smile.com/quotes/nancy-dunnan/sell-before-the-holidays-stock-prices-tend-to-rise-on-the-last/) [Nancy Dunnan](https://sms4smile.com/quotes/author/nancy-dunnan/) > [A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on…](https://sms4smile.com/quotes/ben-bernanke/a-collapse-in-u-s-stock-prices-certainly-would-cause-a-lot-of-white/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or…](https://sms4smile.com/quotes/irving-fisher/stock-prices-have-reached-what-looks-like-a-permanently-high-plateau/) [Irving Fisher](https://sms4smile.com/quotes/author/irving-fisher/) > [The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we need to…](https://sms4smile.com/quotes/douglas-cliggott/the-key-is-if-the-economic-data-stays-soft-maybe-we-don-t-have-to/) [Douglas Cliggott](https://sms4smile.com/quotes/author/douglas-cliggott/) ## More by Benjamin Graham > [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that…](https://sms4smile.com/quotes/benjamin-graham/there-is-something-paradoxical-in-the-fact-that-by-establishing-an/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.](https://sms4smile.com/quotes/benjamin-graham/those-with-the-enterprise-lack-the-money-and-those-with-the-money/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.](https://sms4smile.com/quotes/benjamin-graham/it-must-be-fundamentally-wrong-to-reduce-production-of-food-and-fiber/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [The intelligent investor is a realist who sells to optimists and buys from pessimists.](https://sms4smile.com/quotes/benjamin-graham/the-intelligent-investor-is-a-realist-who-sells-to-optimists-and-buys/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone…](https://sms4smile.com/quotes/benjamin-graham/intelligent-investment-is-more-a-matter-of-mental-approach-than-it-is/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use…](https://sms4smile.com/quotes/benjamin-graham/many-progressive-economists-insist-that-gold-is-now-in-essentially/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor…](https://sms4smile.com/quotes/benjamin-graham/the-art-of-investment-has-one-characteristic-that-is-not-generally/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to…](https://sms4smile.com/quotes/benjamin-graham/we-have-not-known-a-single-person-who-has-consistently-or-lastingly/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [The essence of investment management is the management of risks, not the management of returns.](https://sms4smile.com/quotes/benjamin-graham/the-essence-of-investment-management-is-the-management-of-risks-not/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Wall Street people learn nothing and forget everything.](https://sms4smile.com/quotes/benjamin-graham/wall-street-people-learn-nothing-and-forget-everything/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety, or…](https://sms4smile.com/quotes/benjamin-graham/in-security-analysis-the-prime-stress-is-laid-upon-protection-against/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.](https://sms4smile.com/quotes/benjamin-graham/never-buy-a-stock-immediately-after-a-substantial-rise-or-sell-one/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good…](https://sms4smile.com/quotes/benjamin-graham/observation-over-many-years-has-taught-us-that-the-chief-losses-to/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on…](https://sms4smile.com/quotes/benjamin-graham/no-matter-how-careful-you-are-the-one-risk-no-investor-can-ever/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) [Explore all 229 Benjamin Graham quotes ](https://sms4smile.com/quotes/author/benjamin-graham/) ## More Bad company quotes > [“For those people whose association is harmful to the Self (kusangi), there is no better respectful fear (taap) than that of satsang (spiritual company).”](https://sms4smile.com/quotes/dada-bhagwan/for-those-people-whose-association-is-harmful-to-the-self-kusangi/) [Dada Bhagwan](https://sms4smile.com/quotes/author/dada-bhagwan/) > [Being alone sometimes is better than being with bad company and still be alone](https://sms4smile.com/quotes/silence/being-alone-sometimes-is-better-than-being-with-bad-company-and-still/) [Silence](https://sms4smile.com/quotes/author/silence/) > [I got the idea for the song 'Bad Company' when I saw a poster for the Jeff Bridges movie, and it reminded of an…](https://sms4smile.com/quotes/paul-rodgers/i-got-the-idea-for-the-song-bad-company-when-i-saw-a-poster-for-the/) [Paul Rodgers](https://sms4smile.com/quotes/author/paul-rodgers/) > [Loneliness is better than bad company.](https://sms4smile.com/quotes/anonymous/loneliness-is-better-than-bad-company/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [You don't hear things that are bad about your company unless you ask. It is easy to hear good tidings, but you have to…](https://sms4smile.com/quotes/thomas-j-watson/you-don-t-hear-things-that-are-bad-about-your-company-unless-you-ask/) [Thomas J. Watson](https://sms4smile.com/quotes/author/thomas-j-watson/) > [What would happen to a body that was starved, suffocated and then forced to drink poison? It would first suffer and then die an…](https://sms4smile.com/quotes/yasmin-mogahed/what-would-happen-to-a-body-that-was-starved-suffocated-and-then/) [Yasmin Mogahed](https://sms4smile.com/quotes/author/yasmin-mogahed/) > [ “Competition is a bad company \[kusang, the company which will bring our downfall\].” ](https://sms4smile.com/quotes/dada-bhagwan/competition-is-a-bad-company-kusang-the-company-which-will-bring-our/) [Dada Bhagwan](https://sms4smile.com/quotes/author/dada-bhagwan/) > [“Plantations of good morals are easily captivated, colonized and corrupted by the pests of a bad company. Spray away bad companies and you will…](https://sms4smile.com/quotes/israelmore-ayivor/plantations-of-good-morals-are-easily-captivated-colonized-and/) [israelmore ayivor](https://sms4smile.com/quotes/author/israelmore-ayivor/) > [Sometimes we're better off alone rather than with bad company.](https://sms4smile.com/quotes/anonymous/sometimes-we-re-better-off-alone-rather-than-with-bad-company/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Much harm may result from bad company and we are inclined by nature to follow what is worse rather than what is better.”](https://sms4smile.com/quotes/saint-teresa-of-avila/much-harm-may-result-from-bad-company-and-we-are-inclined-by-nature/) [Saint Teresa of Avila](https://sms4smile.com/quotes/author/saint-teresa-of-avila/) > [An honest heart is not to be trusted with itself in bad company.](https://sms4smile.com/quotes/samuel-richardson/an-honest-heart-is-not-to-be-trusted-with-itself-in-bad-company/) [Samuel Richardson](https://sms4smile.com/quotes/author/samuel-richardson/) > [When we formed Bad Company, I looked around and asked, 'Who is the biggest rock band in the world?' The answer was undoubtedly Led…](https://sms4smile.com/quotes/paul-rodgers/when-we-formed-bad-company-i-looked-around-and-asked-who-is-the/) [Paul Rodgers](https://sms4smile.com/quotes/author/paul-rodgers/) > [To be of good quality, you have to excuse yourself from the presence of shallow and callow minded individuals.](https://sms4smile.com/quotes/anonymous/to-be-of-good-quality-you-have-to-excuse-yourself-from-the-presence/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Announcing the intended arrival of some people is kind of like issuing a hurricane warning. ”](https://sms4smile.com/quotes/richelle-e-goodrich/announcing-the-intended-arrival-of-some-people-is-kind-of-like/) [Richelle E. Goodrich](https://sms4smile.com/quotes/author/richelle-e-goodrich/) > [Associate yourself with people of good quality, for it is better to be alone than in bad company.](https://sms4smile.com/quotes/booker-t-washington/associate-yourself-with-people-of-good-quality-for-it-is-better-to-be/) [Booker T. Washington](https://sms4smile.com/quotes/author/booker-t-washington/) [Browse all 78 Bad company quotes ](https://sms4smile.com/quotes/about/bad-company/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.", "creator": { "@type": "Person", "name": "Benjamin Graham" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/benjamin-graham/although-there-are-good-and-bad-companies-there-is-no-such-thing-as-a/", "about": { "@type": "Thing", "name": "Bad company" }, "@id": "https://sms4smile.com/quotes/benjamin-graham/although-there-are-good-and-bad-companies-there-is-no-such-thing-as-a/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg", "url": "https://sms4smile.com/quotes/i/d2a/benjamin-graham-1531_bad-company_although-there-are-good-and-bad-companie_1375453.jpg", "width": 1080, "height": 1080, "caption": "“Although there are good and bad companies, there is no such thing as a good stock; there are only good stock…” — Benjamin Graham", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Benjamin Graham", "item": "https://sms4smile.com/quotes/author/benjamin-graham/" }, { "@type": "ListItem", "position": 4, "name": "Although there are good and bad...", "item": "https://sms4smile.com/quotes/benjamin-graham/although-there-are-good-and-bad-companies-there-is-no-such-thing-as-a/" } ], "@id": "https://sms4smile.com/quotes/benjamin-graham/although-there-are-good-and-bad-companies-there-is-no-such-thing-as-a/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```