--- title: "Meaning & Key Takeaway of: Experience teaches that the time to buy…" description: "\"Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on..." image: "https://sms4smile.com/quotes/i/7b9/benjamin-graham-1531_adversity_experience-teaches-that-the-time-to-buy_1629719.jpg" --- # Experience teaches that the time to buy stocks is when… ![“Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.” quote by Benjamin Graham](https://sms4smile.com/quotes/i/7b9/benjamin-graham-1531_adversity_experience-teaches-that-the-time-to-buy_1629719.jpg) [Download](https://sms4smile.com/quotes/i/7b9/benjamin-graham-1531_adversity_experience-teaches-that-the-time-to-buy_1629719.jpg) [Open image](https://sms4smile.com/quotes/i/7b9/benjamin-graham-1531_adversity_experience-teaches-that-the-time-to-buy_1629719.jpg) > “Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.” [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. Buy stocks when they are undervalued due to short‑term setbacks, otherwise avoid them; seek true bargains. **In simple terms:** Purchase only when prices are low for good reasons. Key Takeaway Invest only on solid value discounts. Themes investment value patience risk management Mood cautious strategic Type financial educational When to use this quote - stock market downturns - portfolio rebalancing - economic crises Key Concepts margin of safety market cycles fundamental analysis Questions to Reflect On - What indicators confirm a temporary adversity? - How do you avoid overpaying for perceived bargains? A Different Perspective Timing markets is unreliable; value may persist longer than expected. ★ ★ ★ ★ ★ No ratings yet [Adversity](https://sms4smile.com/quotes/about/adversity/) [Bargains](https://sms4smile.com/quotes/about/bargains/) [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [Individual security bargains may be located by the process of security analysis practically at any time. 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You…](https://sms4smile.com/quotes/peter-lynch/i-ve-found-that-when-the-market-s-going-down-and-you-buy-funds-wisely/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [A study of economics usually reveals that the best time to buy anything is last year.](https://sms4smile.com/quotes/marty-allen/a-study-of-economics-usually-reveals-that-the-best-time-to-buy/) [Marty Allen](https://sms4smile.com/quotes/author/marty-allen/) > [If your objective is to tell time, you will not buy a mechanical watch. 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If you…](https://sms4smile.com/quotes/chris-isaak/the-things-that-got-me-through-grade-school-are-helping-me-out-later/) [Chris Isaak](https://sms4smile.com/quotes/author/chris-isaak/) > [“Invest your time and buy greatness with it.”](https://sms4smile.com/quotes/sunday-adelaja/invest-your-time-and-buy-greatness-with-it/) [Sunday Adelaja](https://sms4smile.com/quotes/author/sunday-adelaja/) > [Hey angel face, next time buy a whole shirt.](https://sms4smile.com/quotes/jenna-marbles/hey-angel-face-next-time-buy-a-whole-shirt/) [Jenna Marbles](https://sms4smile.com/quotes/author/jenna-marbles/) ## 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. 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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 Adversity quotes > [We love playing together and we love adversity. You know, back-to-back, the two best teams in the East.](https://sms4smile.com/quotes/steve-nash/we-love-playing-together-and-we-love-adversity-you-know-back-to-back/) [Steve Nash](https://sms4smile.com/quotes/author/steve-nash/) > [When we have public success we also have private struggles.](https://sms4smile.com/quotes/deion-sanders/when-we-have-public-success-we-also-have-private-struggles/) [Deion Sanders](https://sms4smile.com/quotes/author/deion-sanders/) > [“The threats that resurfaced in the past 10 years were not an aberration. 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She…](https://sms4smile.com/quotes/alfa-h/just-because-she-doesn-t-talk-about-it-doesn-t-mean-she-isn-t-feeling/) [Alfa H](https://sms4smile.com/quotes/author/alfa-h/) > [Every trial endured and weathered in the right spirit makes a soul nobler and stronger than it was before.](https://sms4smile.com/quotes/james-buckham-kennedy/every-trial-endured-and-weathered-in-the-right-spirit-makes-a-soul/) James Buckham Kennedy > [Honesty, by evil fortune tried, Finds in adversity the seed of praise.](https://sms4smile.com/quotes/ovid/honesty-by-evil-fortune-tried-finds-in-adversity-the-seed-of-praise/) [Ovid](https://sms4smile.com/quotes/author/ovid/) > [“Struggles are not associated to a particular people or creed, everyone struggles, not for the same reasons, but each has a personal struggle at…](https://sms4smile.com/quotes/wayne-chirisa/struggles-are-not-associated-to-a-particular-people-or-creed-everyone/) [Wayne Chirisa](https://sms4smile.com/quotes/author/wayne-chirisa/) > [“Watch a man in times of adversity to discover what kind of man he is; for then at last words of truth are drawn…](https://sms4smile.com/quotes/lucretius/watch-a-man-in-times-of-adversity-to-discover-what-kind-of-man-he-is/) [Lucretius](https://sms4smile.com/quotes/author/lucretius/) > [God often hides His blessing in trouble or trial, which makes it all the sweeter when it comes our way.](https://sms4smile.com/quotes/aiden-wilson-tozer/god-often-hides-his-blessing-in-trouble-or-trial-which-makes-it-all/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [“Life is not about less mistakes but about more trials”](https://sms4smile.com/quotes/s-e-sever/life-is-not-about-less-mistakes-but-about-more-trials/) S.E. 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