--- title: "Meaning & Key Takeaway of: If we assume that there are normal or…" description: "\"If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be mo..." image: "https://sms4smile.com/quotes/i/547/benjamin-graham-1531_adviser_if-we-assume-that-there-are-normal-or-st_600865.jpg" --- # If we assume that there are normal or standard income… ![“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain…” quote by Benjamin Graham](https://sms4smile.com/quotes/i/547/benjamin-graham-1531_adviser_if-we-assume-that-there-are-normal-or-st_600865.jpg) [Download](https://sms4smile.com/quotes/i/547/benjamin-graham-1531_adviser_if-we-assume-that-there-are-normal-or-st_600865.jpg) [Open image](https://sms4smile.com/quotes/i/547/benjamin-graham-1531_adviser_if-we-assume-that-there-are-normal-or-st_600865.jpg) > “If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.” [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. An adviser’s expertise helps clients avoid errors and achieve the returns their investments deserve. **In simple terms:** Advisors guide investors to avoid mistakes and earn rightful returns. Key Takeaway Seek professional guidance for better outcomes. Themes investment advice risk management financial planning Mood cautious confident Type educational motivational When to use this quote - retirement planning - portfolio diversification - wealth building - risk mitigation Key Concepts fiduciary duty market efficiency client protection Questions to Reflect On - How do you evaluate an adviser’s competence? - What safeguards can you implement yourself? A Different Perspective Advisors cannot guarantee returns; market volatility still poses risks. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Income](https://sms4smile.com/quotes/about/income/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investing money](https://sms4smile.com/quotes/about/investing-money/) [Mistake](https://sms4smile.com/quotes/about/mistake/) [Money](https://sms4smile.com/quotes/about/money/) [Security](https://sms4smile.com/quotes/about/security/) [Training](https://sms4smile.com/quotes/about/training/) ## Related quotes > [Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced…](https://sms4smile.com/quotes/benjamin-graham/even-defensive-portfolios-should-be-changed-from-time-to-time/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [“The underlying factor here is the tendency of the security markets to undervalue issues that are involved in any sort of complicated legal proceedings.…](https://sms4smile.com/quotes/benjamin-graham/the-underlying-factor-here-is-the-tendency-of-the-security-markets-to/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.](https://sms4smile.com/quotes/benjamin-graham/the-chief-losses-to-investors-come-from-the-purchase-of-low-quality/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Since we have emphasized that analysis will lead to a positive conclusion only in the exceptional case, it follows that many securities must be…](https://sms4smile.com/quotes/benjamin-graham/since-we-have-emphasized-that-analysis-will-lead-to-a-positive/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Under our institutions the only way to perfect the Government is to perfect the individual citizen. It is necessary to reach the mind and…](https://sms4smile.com/quotes/calvin-coolidge/under-our-institutions-the-only-way-to-perfect-the-government-is-to/) [Calvin Coolidge](https://sms4smile.com/quotes/author/calvin-coolidge/) > [It is futile for us to try to serve God without the power of the Holy Spirit. Talent, training, and experience cannot take the…](https://sms4smile.com/quotes/warren-w-wiersbe/it-is-futile-for-us-to-try-to-serve-god-without-the-power-of-the-holy/) [Warren W. Wiersbe](https://sms4smile.com/quotes/author/warren-w-wiersbe/) > [As man reaches out toward the twenty-first century, he will learn to be suspicious of all ideas that are not formulated so that they…](https://sms4smile.com/quotes/jacque-fresco/as-man-reaches-out-toward-the-twenty-first-century-he-will-learn-to/) [Jacque Fresco](https://sms4smile.com/quotes/author/jacque-fresco/) > [And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has…](https://sms4smile.com/quotes/jim-clifton/and-it-s-a-lie-that-has-consequences-because-the-great-american-dream/) [Jim Clifton](https://sms4smile.com/quotes/author/jim-clifton/) > [The most difficult mental process of all is to consider objectively any concept which, if accepted as fact, will toss into discard a lifetime…](https://sms4smile.com/quotes/robert-monroe/the-most-difficult-mental-process-of-all-is-to-consider-objectively/) [Robert Monroe](https://sms4smile.com/quotes/author/robert-monroe/) > [Positive thinking will let you use the abilities, training and experience you have.](https://sms4smile.com/quotes/zig-ziglar/positive-thinking-will-let-you-use-the-abilities-training-and/) [Zig Ziglar](https://sms4smile.com/quotes/author/zig-ziglar/) > [I believe that our Heavenly Father invented man because he was disappointed in the monkey. I believe that whenever a human being, of even…](https://sms4smile.com/quotes/mark-twain/i-believe-that-our-heavenly-father-invented-man-because-he-was/) [Mark Twain](https://sms4smile.com/quotes/author/mark-twain/) > [If fees consume more than 1% of your assets annually, you should probably shop for another adviser.](https://sms4smile.com/quotes/benjamin-graham/if-fees-consume-more-than-1-of-your-assets-annually-you-should/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes you comfortable…](https://sms4smile.com/quotes/benjamin-graham/before-you-place-your-financial-future-in-the-hands-of-an-adviser-it/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Only in the exceptional case, where the integrity and competence of the advisers have been thoroughly demonstrated, should the investor act upon the advice…](https://sms4smile.com/quotes/benjamin-graham/only-in-the-exceptional-case-where-the-integrity-and-competence-of/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that…](https://sms4smile.com/quotes/benjamin-graham/there-is-no-reason-to-feel-any-shame-in-hiring-someone-to-pick-stocks/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) ## 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 Adviser quotes > [In 1949 there was a new thing called Television, to which my agency and advisers opposed as a performance medium.](https://sms4smile.com/quotes/loretta-young/in-1949-there-was-a-new-thing-called-television-to-which-my-agency/) [Loretta Young](https://sms4smile.com/quotes/author/loretta-young/) > [President Bush deliberately did not apologize for things and that’s because advisers around him, including those there, felt that the press corps would jump…](https://sms4smile.com/quotes/david-gregory/president-bush-deliberately-did-not-apologize-for-things-and-that-s/) [David Gregory](https://sms4smile.com/quotes/author/david-gregory/) > [The best adviser is God, the good listener is heart but the mind of person always confused.](https://sms4smile.com/quotes/meicee/the-best-adviser-is-god-the-good-listener-is-heart-but-the-mind-of/) Meicee > [No adviser to a president is going to get his way all of the time, but at a minimum, that adviser should be able…](https://sms4smile.com/quotes/bret-stephens/no-adviser-to-a-president-is-going-to-get-his-way-all-of-the-time-but/) [Bret Stephens](https://sms4smile.com/quotes/author/bret-stephens/) > [Men tend to leave their financial adviser at a single-digit-percent rate in any given year. And women leave their husband and their joint financial…](https://sms4smile.com/quotes/sallie-krawcheck/men-tend-to-leave-their-financial-adviser-at-a-single-digit-percent/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [Steve Bannon, too, needs to be a unifier, doesn't he, as the senior adviser.](https://sms4smile.com/quotes/megyn-kelly/steve-bannon-too-needs-to-be-a-unifier-doesn-t-he-as-the-senior/) [Megyn Kelly](https://sms4smile.com/quotes/author/megyn-kelly/) > [Asking for advice is an act of humility… The act alone says, "I need you." The decision maker and the adviser are pushed into…](https://sms4smile.com/quotes/dennis-bakke/asking-for-advice-is-an-act-of-humility-the-act-alone-says-i-need-you/) [Dennis Bakke](https://sms4smile.com/quotes/author/dennis-bakke/) > [It is the lawyers who run our civilization for us -- our governments, our business, our private lives. Most legislators are lawyers; they make…](https://sms4smile.com/quotes/fred-rodell/it-is-the-lawyers-who-run-our-civilization-for-us-our-governments-our/) [Fred Rodell](https://sms4smile.com/quotes/author/fred-rodell/) > [The truth then is, that the Russian Comintern is still confessedly engaged in endeavoring to foment war in order to facilitate revolution, and that…](https://sms4smile.com/quotes/denis-fahey/the-truth-then-is-that-the-russian-comintern-is-still-confessedly/) [Denis Fahey](https://sms4smile.com/quotes/author/denis-fahey/) > [French troops arrived in Afghanistan last week, and not a minute too soon. The French are acting as advisers to the Taliban, to teach…](https://sms4smile.com/quotes/jay-leno/french-troops-arrived-in-afghanistan-last-week-and-not-a-minute-too/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [Republicans want to punish work and reward wealth; hence the high payroll tax and the low dividend tax. Said one Bush economic adviser, if…](https://sms4smile.com/quotes/paul-begala/republicans-want-to-punish-work-and-reward-wealth-hence-the-high/) [Paul Begala](https://sms4smile.com/quotes/author/paul-begala/) > [As for Vietnam, what matters is that Kennedy successfully resisted pressure to send anything more than military advisers, a stance that was a likely…](https://sms4smile.com/quotes/robert-dallek/as-for-vietnam-what-matters-is-that-kennedy-successfully-resisted/) [Robert Dallek](https://sms4smile.com/quotes/author/robert-dallek/) > [If economists were good at business, they would be rich men instead of advisers to rich men.](https://sms4smile.com/quotes/kirk-kerkorian/if-economists-were-good-at-business-they-would-be-rich-men-instead-of/) [Kirk Kerkorian](https://sms4smile.com/quotes/author/kirk-kerkorian/) > [I am deeply worried about Donald Trump on matters of national security. He doesn't know anything himself about it, and he has appointed a…](https://sms4smile.com/quotes/tim-kaine/i-am-deeply-worried-about-donald-trump-on-matters-of-national/) [Tim Kaine](https://sms4smile.com/quotes/author/tim-kaine/) > [For all the popularity of spiritual advisers in South Korea, it still shocks to see the leaders of huge public companies relying on fortune-tellers.…](https://sms4smile.com/quotes/kim-young-ha/for-all-the-popularity-of-spiritual-advisers-in-south-korea-it-still/) [Kim Young-ha](https://sms4smile.com/quotes/author/kim-young-ha/) Browse all 208 Adviser quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. 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