Attention Quote by John Neff
“Brand-name growth stocks ordinarily command the highest p/e ratios. Rising prices beget attention, and vice versa - but only to a point. Eventually their growth rate can diminish as results revert towards normal. Maybe not in all cases, but often enough to make a long-term bet. Bottom line: I wouldn't want to get caught in a rush for the exit, much less get left behind. Only when big growth stocks fall into the dumper from time to time am I inclined to pick them up - and even then, only in moderation.”
About This Quote
Source Book: The Intelligent Investor, Benjamin Graham, 1949
Growth stocks often trade at high multiples, but their expansion can slow, making them risky long‑term bets; patience and moderation are key.
In simple terms: High‑growth stocks can lose steam, so be cautious.
Key Takeaway
Invest selectively and modestly.
Themes
investment
valuation
risk
patience
Mood
cautious
analytical
Type
financial
advisory
When to use this quote
- portfolio construction
- stock picking
- risk management
Key Concepts
valuation
market cycles
behavioral finance
Questions to Reflect On
- How do you assess when growth is sustainable?
- What signals indicate a stock is overvalued?
A Different Perspective
High multiples can persist longer than expected, leading to over‑optimism.
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![“I went to a mosque in Philadelphia with [my wife] in December 24, 1999. And we we went to this mosque in Philly, and I just had such a strong reaction to the prayer. And I was really emotionally - I felt really grounded at that time. And so to be in this prayer and the imam is doing the prayer in…” quote by Mahershala Ali](https://sms4smile.com/quotes/img-quotes/d31/mahershala-ali-6687_attention_i-went-to-a-mosque-in-philadelphia-with_3083.jpg)
