--- title: "Meaning & Key Takeaway of: Benjamin Graham wrote, \"Those with…" description: "\"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.\"\" — Se..." image: "https://sms4smile.com/quotes/i/7c4/seth-klarman-1979_business_benjamin-graham-wrote-those-with-enterpr_536662.png" --- # Benjamin Graham wrote, "Those with enterprise haven't the… ![“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."” quote by Seth Klarman](https://sms4smile.com/quotes/i/7c4/seth-klarman-1979_business_benjamin-graham-wrote-those-with-enterpr_536662.png) [Download](https://sms4smile.com/quotes/i/7c4/seth-klarman-1979_business_benjamin-graham-wrote-those-with-enterpr_536662.png) [Open image](https://sms4smile.com/quotes/i/7c4/seth-klarman-1979_business_benjamin-graham-wrote-those-with-enterpr_536662.png) > “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."” [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. Key Takeaway Combine resources with bold action. Themes investing entrepreneurship opportunity Mood cautious analytical Type advice financial When to use this quote - startup funding - personal investing - venture capital - stock market entry Key Concepts capital risk market timing Questions to Reflect On - Do you have the resources and drive to act on opportunities? - How can you develop the missing element? A Different Perspective Even with capital, poor judgment can lead to bad purchases. ★ ★ ★ ★ ★ No ratings yet [Benjamin Graham](https://sms4smile.com/quotes/about/benjamin-graham-4211352/) [Business](https://sms4smile.com/quotes/about/business/) [Buy Stocks](https://sms4smile.com/quotes/about/buy-stocks-423337/) [Enterprise](https://sms4smile.com/quotes/about/enterprise/) [Enterprise Buy](https://sms4smile.com/quotes/about/enterprise-buy-4496710/) [Graham Wrote](https://sms4smile.com/quotes/about/graham-wrote-4496711/) [Havens](https://sms4smile.com/quotes/about/havens/) [Investing](https://sms4smile.com/quotes/about/investing/) [Money](https://sms4smile.com/quotes/about/money/) [Stocks Cheap](https://sms4smile.com/quotes/about/stocks-cheap-667844/) ## Related quotes > [By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses.](https://sms4smile.com/quotes/seth-klarman/by-investing-at-a-discount-benjamin-graham-knew-that-he-was-unlikely/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [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/) > [To know whether stocks are cheap or pricey, we typically look at price-to-earnings ratio. 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