Business Quote by Seth Klarman
“Benjamin Graham wrote, "Those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are cheap."”
About This Quote
Source Book: The Intelligent Investor, Benjamin Graham, 1949
Success in investing requires both capital and entrepreneurial drive; lacking either limits ability to capitalize on cheap stocks.
In simple terms: You need money and initiative to buy low.
Combine resources with bold action.
Themes
Mood
Type
When to use this quote
- startup funding
- personal investing
- venture capital
- stock market entry
Key Concepts
Questions to Reflect On
- Do you have the resources and drive to act on opportunities?
- How can you develop the missing element?
Even with capital, poor judgment can lead to bad purchases.