--- title: "Meaning & Key Takeaway of: As in roulette, same is true of the stock…" description: "\"As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.\" — Benjamin Graham" image: "https://sms4smile.com/quotes/i/38b/benjamin-graham-1531_dice_as-in-roulette-same-is-true-of-the-stock_1653629.jpg" --- # As in roulette, same is true of the stock trader, who will… ![“As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.” quote by Benjamin Graham](https://sms4smile.com/quotes/i/38b/benjamin-graham-1531_dice_as-in-roulette-same-is-true-of-the-stock_1653629.jpg) [Download](https://sms4smile.com/quotes/i/38b/benjamin-graham-1531_dice_as-in-roulette-same-is-true-of-the-stock_1653629.jpg) [Open image](https://sms4smile.com/quotes/i/38b/benjamin-graham-1531_dice_as-in-roulette-same-is-true-of-the-stock_1653629.jpg) > “As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.” [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. Trading costs erode profits, making speculation like a risky gamble. **In simple terms:** Trading fees reduce profit. Key Takeaway Minimize costs to protect gains. Themes finance investment risk management Mood analytical cautious Type educational practical When to use this quote - stock portfolio building - day trading - financial planning - risk assessment Key Concepts market efficiency cost analysis Questions to Reflect On - How do you evaluate trading expenses? - What strategies reduce cost while maintaining returns? 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I didn't…](https://sms4smile.com/quotes/ozzy-osbourne/when-i-was-doing-drugs-and-alcohol-i-thought-i-ll-have-a-drink-and-a/) [Ozzy Osbourne](https://sms4smile.com/quotes/author/ozzy-osbourne/) > [You cannot beat a roulette table unless you steal money from it.](https://sms4smile.com/quotes/albert-einstein/you-cannot-beat-a-roulette-table-unless-you-steal-money-from-it/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [I don't really care for or that much about Chat Roulette. I think the phenomenon of it and like the first wow factor which…](https://sms4smile.com/quotes/casey-neistat/i-don-t-really-care-for-or-that-much-about-chat-roulette-i-think-the/) [Casey Neistat](https://sms4smile.com/quotes/author/casey-neistat/) > [Stop tryin to be loud as me, cause you can't do that, Think about it...playing Russian roulette with an automatic!](https://sms4smile.com/quotes/fredro-starr/stop-tryin-to-be-loud-as-me-cause-you-can-t-do-that-think-about-it/) [Fredro Starr](https://sms4smile.com/quotes/author/fredro-starr/) ## 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. 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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". 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So life, though it remains the same, is always presenting different aspects.](https://sms4smile.com/quotes/alexis-sanchez/life-is-like-the-dice-that-falling-still-show-a-different-face-so/) [Alexis Sanchez](https://sms4smile.com/quotes/author/alexis-sanchez/) > [Had I been brighter, the ladies been gentler, the Scotch been weaker, had the gods been kinder, had the dice been hotter, this could…](https://sms4smile.com/quotes/mickey-rooney/had-i-been-brighter-the-ladies-been-gentler-the-scotch-been-weaker/) [Mickey Rooney](https://sms4smile.com/quotes/author/mickey-rooney/) > [Just a random roll of the dice could change everything in your life.](https://sms4smile.com/quotes/lostintears/just-a-random-roll-of-the-dice-could-change-everything-in-your-life/) [LostInTears](https://sms4smile.com/quotes/author/lostintears/) > [“What do the dice say?" Dice say nothing. They are dice." Why roll'em, then?" They are dice. 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