--- title: "Meaning & Key Takeaway of: Intelligent investment is more a matter…" description: "\"Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone..." image: "https://sms4smile.com/quotes/i/148/benjamin-graham-1531_approach_intelligent-investment-is-more-a-matter_80367.jpg" --- # Intelligent investment is more a matter of mental approach… ![“Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.” quote by Benjamin Graham](https://sms4smile.com/quotes/i/148/benjamin-graham-1531_approach_intelligent-investment-is-more-a-matter_80367.jpg) [Download](https://sms4smile.com/quotes/i/148/benjamin-graham-1531_approach_intelligent-investment-is-more-a-matter_80367.jpg) [Open image](https://sms4smile.com/quotes/i/148/benjamin-graham-1531_approach_intelligent-investment-is-more-a-matter_80367.jpg) > “Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.” [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. Successful investing hinges on mindset, not just tactics; disciplined thinking about market volatility is essential. **In simple terms:** Mindset over method Key Takeaway Mental discipline drives returns Themes psychology risk management behavioral finance investment strategy decision making Mood thoughtful analytical steady Type advice observation philosophy When to use this quote - portfolio construction - market downturns - bull markets - personal finance planning Key Concepts mental approach stock fluctuations sound methodology Practical Applications - investment advisory - financial education Questions to Reflect On - How does your emotional response affect your investment choices? - What habits can you develop to maintain a disciplined mindset? ★ ★ ★ ★ ★ No ratings yet [Approach](https://sms4smile.com/quotes/about/approach/) [Approach Stock](https://sms4smile.com/quotes/about/approach-stock-1026721/) [Conditions](https://sms4smile.com/quotes/about/conditions/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fluctuation](https://sms4smile.com/quotes/about/fluctuation/) [Intelligent](https://sms4smile.com/quotes/about/intelligent/) [Intelligent Investment](https://sms4smile.com/quotes/about/intelligent-investment-1026719/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Investment Matter](https://sms4smile.com/quotes/about/investment-matter-1026720/) [Matter](https://sms4smile.com/quotes/about/matter/) [Mental Approach](https://sms4smile.com/quotes/about/mental-approach-352389/) [Present day](https://sms4smile.com/quotes/about/present-day/) [Sound](https://sms4smile.com/quotes/about/sound/) [Stock Fluctuations](https://sms4smile.com/quotes/about/stock-fluctuations-1026722/) [Successful](https://sms4smile.com/quotes/about/successful/) [Technique](https://sms4smile.com/quotes/about/technique/) [Touchstones](https://sms4smile.com/quotes/about/touchstones/) ## Related quotes > [Regardless of what the future holds, intelligent investment in common stocks offer a solid route for a reasonable return on investment going forward.](https://sms4smile.com/quotes/michael-burry/regardless-of-what-the-future-holds-intelligent-investment-in-common/) [Michael Burry](https://sms4smile.com/quotes/author/michael-burry/) > [The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in…](https://sms4smile.com/quotes/benjamin-graham/the-most-realistic-distinction-between-the-investor-and-the/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We…](https://sms4smile.com/quotes/benjamin-graham/we-are-convinced-that-the-intelligent-investor-can-derive/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply…](https://sms4smile.com/quotes/benjamin-graham/price-fluctuations-have-only-one-significant-meaning-for-the-true/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency…](https://sms4smile.com/quotes/benjamin-graham/most-of-the-time-common-stocks-are-subject-to-irrational-and/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [In nine companies out of ten the factor of fluctuation has been a more dominant and important consideration in the matter of investment than…](https://sms4smile.com/quotes/benjamin-graham/in-nine-companies-out-of-ten-the-factor-of-fluctuation-has-been-a/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [I probably have a different mental approach to swimming than most people. I actually enjoy training.](https://sms4smile.com/quotes/dawn-fraser/i-probably-have-a-different-mental-approach-to-swimming-than-most/) [Dawn Fraser](https://sms4smile.com/quotes/author/dawn-fraser/) > [I attribute my success to my mental approach to the game. I have always been a serious student of umpiring. I enjoy studying rules,…](https://sms4smile.com/quotes/jim-evans/i-attribute-my-success-to-my-mental-approach-to-the-game-i-have/) [Jim Evans](https://sms4smile.com/quotes/author/jim-evans/) > [Slowing it all down and analyzing our mental approach is a surprisingly effective way of becoming a better player.](https://sms4smile.com/quotes/jim-abbott/slowing-it-all-down-and-analyzing-our-mental-approach-is-a/) [Jim Abbott](https://sms4smile.com/quotes/author/jim-abbott/) > [The biggest factor between winning and losing is the mental approach.](https://sms4smile.com/quotes/benson-henderson/the-biggest-factor-between-winning-and-losing-is-the-mental-approach/) [Benson Henderson](https://sms4smile.com/quotes/author/benson-henderson/) > [I think I'm a better player because of my mental approach to the game.](https://sms4smile.com/quotes/carlos-correa/i-think-i-m-a-better-player-because-of-my-mental-approach-to-the-game/) [Carlos Correa](https://sms4smile.com/quotes/author/carlos-correa/) > [I think great players can play in any year, that's why they're great. A lot of it is down to the mental approach.](https://sms4smile.com/quotes/ian-rush/i-think-great-players-can-play-in-any-year-that-s-why-they-re-great-a/) [Ian Rush](https://sms4smile.com/quotes/author/ian-rush/) > [As far as my mental approach, I really think it's just knowing that the past is really irrelevant.](https://sms4smile.com/quotes/jake-arrieta/as-far-as-my-mental-approach-i-really-think-it-s-just-knowing-that/) [Jake Arrieta](https://sms4smile.com/quotes/author/jake-arrieta/) > [Really being able to harness my mental approach has kind of taken me to the next level, and obviously maturing as a player and…](https://sms4smile.com/quotes/jake-arrieta/really-being-able-to-harness-my-mental-approach-has-kind-of-taken-me/) [Jake Arrieta](https://sms4smile.com/quotes/author/jake-arrieta/) > [The whole secret to mastering the game of golf - and this applies to the beginner as well as the pro - is to…](https://sms4smile.com/quotes/arnold-palmer/the-whole-secret-to-mastering-the-game-of-golf-and-this-applies-to/) [Arnold Palmer](https://sms4smile.com/quotes/author/arnold-palmer/) ## 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/) > [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/) > [“Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars’ worth of groceries. Today, a five-year-old can do it.…](https://sms4smile.com/quotes/benjamin-graham/americans-are-getting-stronger-twenty-years-ago-it-took-two-people-to/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) [Explore all 229 Benjamin Graham quotes ](https://sms4smile.com/quotes/author/benjamin-graham/) ## More Approach quotes > [I think a new world will arise out of the religious mists when we approach our Bible with the idea that it is not…](https://sms4smile.com/quotes/aiden-wilson-tozer/i-think-a-new-world-will-arise-out-of-the-religious-mists-when-we/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [I'm in a business where there's complete anarchy. You can't control it - you can only react to it. The control that people traditionally…](https://sms4smile.com/quotes/martin-sorrell/i-m-in-a-business-where-there-s-complete-anarchy-you-can-t-control-it/) [Martin Sorrell](https://sms4smile.com/quotes/author/martin-sorrell/) > [When you approach something to photograph it, first be still with yourself until the object of your attention affirms your presence. Then don't leave…](https://sms4smile.com/quotes/minor-white/when-you-approach-something-to-photograph-it-first-be-still-with/) [Minor White](https://sms4smile.com/quotes/author/minor-white/) > [We do not want to be reminded that it is we, the indigenous people, who are poor and exploited in the land of our…](https://sms4smile.com/quotes/steven-biko/we-do-not-want-to-be-reminded-that-it-is-we-the-indigenous-people-who/) [Steven Biko](https://sms4smile.com/quotes/author/steven-biko/) > [One of the things I regret about not putting in that book or I think it's there but I didn't really elaborate on it,…](https://sms4smile.com/quotes/brad-warner/one-of-the-things-i-regret-about-not-putting-in-that-book-or-i-think/) [Brad Warner](https://sms4smile.com/quotes/author/brad-warner/) > [Ideal for the child and society in the best of times, Rudolf Steiner's brilliant process of education is critically needed and profoundly relevant now…](https://sms4smile.com/quotes/joseph-chilton-pearce/ideal-for-the-child-and-society-in-the-best-of-times-rudolf-steiner-s/) [Joseph Chilton Pearce](https://sms4smile.com/quotes/author/joseph-chilton-pearce/) > [I don't have any particular method, my approach is very simple. I try to understand the emotional graph of the character.](https://sms4smile.com/quotes/pratik-gandhi/i-don-t-have-any-particular-method-my-approach-is-very-simple-i-try/) [Pratik Gandhi](https://sms4smile.com/quotes/author/pratik-gandhi/) > [“But young men have not only this frivolous ambition of being thought masters of execution, inciting them on the one hand, but also their…](https://sms4smile.com/quotes/anonymous/but-young-men-have-not-only-this-frivolous-ambition-of-being-thought/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Everything, every part that you approach has to be somehow rooted in yourself. You have to somehow root everything so that it's not just…](https://sms4smile.com/quotes/judi-dench/everything-every-part-that-you-approach-has-to-be-somehow-rooted-in/) [Judi Dench](https://sms4smile.com/quotes/author/judi-dench/) > [Literature transforms and intensifies ordinary language, deviates systematically from everyday speech. If you approach me at a bus stop and murmur Thou still unravished…](https://sms4smile.com/quotes/terry-eagleton/literature-transforms-and-intensifies-ordinary-language-deviates/) [Terry Eagleton](https://sms4smile.com/quotes/author/terry-eagleton/) > [The whole secret to mastering the game of golf - and this applies to the beginner as well as the pro - is to…](https://sms4smile.com/quotes/arnold-palmer/the-whole-secret-to-mastering-the-game-of-golf-and-this-applies-to/) [Arnold Palmer](https://sms4smile.com/quotes/author/arnold-palmer/) > [The essence of Christianity...is an ever-new encounter with... the God who speaks to us, who approaches us and who befriends us!](https://sms4smile.com/quotes/pope-benedict-xvi/the-essence-of-christianity-is-an-ever-new-encounter-with-the-god-who/) [Pope Benedict XVI](https://sms4smile.com/quotes/author/pope-benedict-xvi/) > [Like a morning dream, life becomes more and more bright the longer we live, and the reason of everything appears more clear. What has…](https://sms4smile.com/quotes/jean-paul/like-a-morning-dream-life-becomes-more-and-more-bright-the-longer-we/) [Jean Paul](https://sms4smile.com/quotes/author/jean-paul/) > [What begins as a Utopian vision, always - always - ends in bloodshed. Because you have to force a utopia on a free people.…](https://sms4smile.com/quotes/greg-gutfeld/what-begins-as-a-utopian-vision-always-always-ends-in-bloodshed/) [Greg Gutfeld](https://sms4smile.com/quotes/author/greg-gutfeld/) > [The only two good words that can be said for a hurricane are that it gives sufficient warning of its approach, and that it…](https://sms4smile.com/quotes/gertrude-atherton/the-only-two-good-words-that-can-be-said-for-a-hurricane-are-that-it/) [Gertrude Atherton](https://sms4smile.com/quotes/author/gertrude-atherton/) [Browse all 3,949 Approach quotes ](https://sms4smile.com/quotes/about/approach/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Intelligent investment is more a matter of mental approach than it is of technique. 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