---
title: "Meaning & Key Takeaway of: It should be remembered that a decline of…"
description: "\"It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.\" — Benjamin Graham"
image: "https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg"
---

#  It should be remembered that a decline of 50% fully…

![“It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.” quote by Benjamin Graham](https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg)   [Download](https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg) [Open image](https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg)

> “It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.”

[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.

A 50% loss negates a 100% gain; risk management requires accounting for downside as much as upside.

**In simple terms:** Losses offset gains.

Key Takeaway

Consider downside equally.

Themes

finance risk investment

Mood

cautious analytical

Type

financial educational

When to use this quote

- stock market
- real estate
- business ventures
- personal finance

Key Concepts

loss‑gain dynamics portfolio management

Questions to Reflect On

- How do you protect against large losses?
- What strategies balance risk and reward?

A Different Perspective

May oversimplify complex market behavior.

★ ★ ★ ★ ★   No ratings yet

[50 Fully](https://sms4smile.com/quotes/about/50-fully-3372766/) [Advance 100](https://sms4smile.com/quotes/about/advance-100-3372767/) [Decline](https://sms4smile.com/quotes/about/decline/) [Decline 50](https://sms4smile.com/quotes/about/decline-50-3372765/) [Fully Offsets](https://sms4smile.com/quotes/about/fully-offsets-3372764/) [Investing](https://sms4smile.com/quotes/about/investing/) [Preceding Advance](https://sms4smile.com/quotes/about/preceding-advance-3372768/) [Remembered](https://sms4smile.com/quotes/about/remembered/) [Should](https://sms4smile.com/quotes/about/should/)

## Related quotes

> [A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third…](https://sms4smile.com/quotes/benjamin-graham/a-price-decline-is-of-no-real-importance-to-the-bona-fide-investor/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a…](https://sms4smile.com/quotes/benjamin-graham/real-investment-risk-is-measured-not-by-the-percent-that-a-stock-may/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage…](https://sms4smile.com/quotes/benjamin-graham/the-investor-who-permits-himself-to-be-stampeded-or-unduly-worried-by/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [In all our academies we attempt far too much. ... In earlier times lectures were delivered upon chemistry and botany as branches of medicine,…](https://sms4smile.com/quotes/johann-wolfgang-von-goethe/in-all-our-academies-we-attempt-far-too-much-in-earlier-times/)

[Johann Wolfgang von Goethe](https://sms4smile.com/quotes/author/johann-wolfgang-von-goethe/)

> [In the 1970s, British food was beginning to get good, whereas in France it was just starting its long, sad decline. My most memorable…](https://sms4smile.com/quotes/sebastian-faulks/in-the-1970s-british-food-was-beginning-to-get-good-whereas-in-france/)

[Sebastian Faulks](https://sms4smile.com/quotes/author/sebastian-faulks/)

> [Prominent exploration experts have recently predicted that total world production of liquid oil will peak by about the end of this decade-or a few…](https://sms4smile.com/quotes/amory-lovins/prominent-exploration-experts-have-recently-predicted-that-total/)

[Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/)

> [Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening…](https://sms4smile.com/quotes/michael-hudson/deflation-means-a-slowdown-of-income-growth-markets-shrink-new/)

[Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/)

> [To my way of thinking, the American family started to decline when parents began to communicate with their children.](https://sms4smile.com/quotes/erma-bombeck/to-my-way-of-thinking-the-american-family-started-to-decline-when/)

[Erma Bombeck](https://sms4smile.com/quotes/author/erma-bombeck/)

> [I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in…](https://sms4smile.com/quotes/niall-ferguson/i-think-the-rise-of-quantitative-econometrics-and-a-highly/)

[Niall Ferguson](https://sms4smile.com/quotes/author/niall-ferguson/)

> [“There is a great deal of ruin in a nation.”](https://sms4smile.com/quotes/adam-smith/there-is-a-great-deal-of-ruin-in-a-nation/)

[Adam Smith](https://sms4smile.com/quotes/author/adam-smith/)

> [In my humble opinion, the PC as we have known it is in a continuous decline and being relegated to a utility device for…](https://sms4smile.com/quotes/hector-ruiz/in-my-humble-opinion-the-pc-as-we-have-known-it-is-in-a-continuous/)

[Hector Ruiz](https://sms4smile.com/quotes/author/hector-ruiz/)

> [The challenge is either to build an economy that is sustainable or to stay with our unsustainable economy until it declines. It is not…](https://sms4smile.com/quotes/lester-r-brown/the-challenge-is-either-to-build-an-economy-that-is-sustainable-or-to/)

[Lester R. Brown](https://sms4smile.com/quotes/author/lester-r-brown/)

> [Low levels of vitamin D in the population as a whole suggest that most people need to take a vitamin D supplement. This may…](https://sms4smile.com/quotes/andrew-weil/low-levels-of-vitamin-d-in-the-population-as-a-whole-suggest-that/)

[Andrew Weil](https://sms4smile.com/quotes/author/andrew-weil/)

> [When a man imagines, even after years of striving, that he has attained perfection, his decline begins.](https://sms4smile.com/quotes/theodore-martin/when-a-man-imagines-even-after-years-of-striving-that-he-has-attained/)

[Theodore Martin](https://sms4smile.com/quotes/author/theodore-martin/)

> [Among the many factors that make a return to halcyon days of the first decades of the postwar era virtually impossible is the decline…](https://sms4smile.com/quotes/robert-gilpin/among-the-many-factors-that-make-a-return-to-halcyon-days-of-the/)

[Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/)

## 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 Decline quotes

> [Among the many factors that make a return to halcyon days of the first decades of the postwar era virtually impossible is the decline…](https://sms4smile.com/quotes/robert-gilpin/among-the-many-factors-that-make-a-return-to-halcyon-days-of-the/)

[Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/)

> [When a man imagines, even after years of striving, that he has attained perfection, his decline begins.](https://sms4smile.com/quotes/theodore-martin/when-a-man-imagines-even-after-years-of-striving-that-he-has-attained/)

[Theodore Martin](https://sms4smile.com/quotes/author/theodore-martin/)

> [Low levels of vitamin D in the population as a whole suggest that most people need to take a vitamin D supplement. This may…](https://sms4smile.com/quotes/andrew-weil/low-levels-of-vitamin-d-in-the-population-as-a-whole-suggest-that/)

[Andrew Weil](https://sms4smile.com/quotes/author/andrew-weil/)

> [The challenge is either to build an economy that is sustainable or to stay with our unsustainable economy until it declines. It is not…](https://sms4smile.com/quotes/lester-r-brown/the-challenge-is-either-to-build-an-economy-that-is-sustainable-or-to/)

[Lester R. Brown](https://sms4smile.com/quotes/author/lester-r-brown/)

> [In my humble opinion, the PC as we have known it is in a continuous decline and being relegated to a utility device for…](https://sms4smile.com/quotes/hector-ruiz/in-my-humble-opinion-the-pc-as-we-have-known-it-is-in-a-continuous/)

[Hector Ruiz](https://sms4smile.com/quotes/author/hector-ruiz/)

> [“There is a great deal of ruin in a nation.”](https://sms4smile.com/quotes/adam-smith/there-is-a-great-deal-of-ruin-in-a-nation/)

[Adam Smith](https://sms4smile.com/quotes/author/adam-smith/)

> [I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in…](https://sms4smile.com/quotes/niall-ferguson/i-think-the-rise-of-quantitative-econometrics-and-a-highly/)

[Niall Ferguson](https://sms4smile.com/quotes/author/niall-ferguson/)

> [To my way of thinking, the American family started to decline when parents began to communicate with their children.](https://sms4smile.com/quotes/erma-bombeck/to-my-way-of-thinking-the-american-family-started-to-decline-when/)

[Erma Bombeck](https://sms4smile.com/quotes/author/erma-bombeck/)

> [Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening…](https://sms4smile.com/quotes/michael-hudson/deflation-means-a-slowdown-of-income-growth-markets-shrink-new/)

[Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/)

> [Prominent exploration experts have recently predicted that total world production of liquid oil will peak by about the end of this decade-or a few…](https://sms4smile.com/quotes/amory-lovins/prominent-exploration-experts-have-recently-predicted-that-total/)

[Amory Lovins](https://sms4smile.com/quotes/author/amory-lovins/)

> [In the 1970s, British food was beginning to get good, whereas in France it was just starting its long, sad decline. My most memorable…](https://sms4smile.com/quotes/sebastian-faulks/in-the-1970s-british-food-was-beginning-to-get-good-whereas-in-france/)

[Sebastian Faulks](https://sms4smile.com/quotes/author/sebastian-faulks/)

> [In all our academies we attempt far too much. ... In earlier times lectures were delivered upon chemistry and botany as branches of medicine,…](https://sms4smile.com/quotes/johann-wolfgang-von-goethe/in-all-our-academies-we-attempt-far-too-much-in-earlier-times/)

[Johann Wolfgang von Goethe](https://sms4smile.com/quotes/author/johann-wolfgang-von-goethe/)

> [A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority…](https://sms4smile.com/quotes/alan-greenspan/a-decline-in-the-national-housing-price-level-would-need-to-be/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [“A civilization, when the moment has come for crowds to acquire a high hand over it, is at the mercy of too many chances…](https://sms4smile.com/quotes/gustave-le-bon/a-civilization-when-the-moment-has-come-for-crowds-to-acquire-a-high/)

[Gustave Le Bon](https://sms4smile.com/quotes/author/gustave-le-bon/)

> [Obviously it's true that as you go up the ranks, the number of women starts to decline. Whether that's because of 'self-deselection' or other…](https://sms4smile.com/quotes/marianne-lake/obviously-it-s-true-that-as-you-go-up-the-ranks-the-number-of-women/)

[Marianne Lake](https://sms4smile.com/quotes/author/marianne-lake/)

[Browse all 851 Decline quotes ](https://sms4smile.com/quotes/about/decline/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "Quotation",
            "text": "It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.",
            "creator": {
                "@type": "Person",
                "name": "Benjamin Graham"
            },
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "url": "https://sms4smile.com/quotes/benjamin-graham/it-should-be-remembered-that-a-decline-of-50-fully-offsets-a/",
            "about": {
                "@type": "Thing",
                "name": "Decline"
            },
            "@id": "https://sms4smile.com/quotes/benjamin-graham/it-should-be-remembered-that-a-decline-of-50-fully-offsets-a/#quotation",
            "image": {
                "@type": "ImageObject",
                "@id": "https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg",
                "contentUrl": "https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg",
                "url": "https://sms4smile.com/quotes/i/36d/benjamin-graham-1531_decline_it-should-be-remembered-that-a-decline-o_2790127.jpg",
                "width": 1080,
                "height": 1080,
                "caption": "“It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.” — 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": "It should be remembered that a...",
                    "item": "https://sms4smile.com/quotes/benjamin-graham/it-should-be-remembered-that-a-decline-of-50-fully-offsets-a/"
                }
            ],
            "@id": "https://sms4smile.com/quotes/benjamin-graham/it-should-be-remembered-that-a-decline-of-50-fully-offsets-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
            }
        }
    ]
}
```