--- title: "Meaning & Key Takeaway of: Graham liked the idea of protection on…" description: "\"Graham liked the idea of protection on the downside.\" — Walter Schloss" image: "https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png" --- # Graham liked the idea of protection on the downside. ![“Graham liked the idea of protection on the downside.” quote by Walter Schloss](https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png) [Download](https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png) [Open image](https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png) > “Graham liked the idea of protection on the downside.” [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Emphasizes the importance of protecting investments from downside risk. **In simple terms:** Guard against losses. Key Takeaway Prioritize risk management. Themes finance investment risk downside protection strategy Mood cautious analytical Type investment advice When to use this quote - stock selection - asset allocation - hedging strategies - financial planning Key Concepts value investing risk mitigation portfolio management Questions to Reflect On - What safeguards do you have for market downturns? - How do you balance risk and reward? A Different Perspective May overlook upside potential. ★ ★ ★ ★ ★ No ratings yet [Downside](https://sms4smile.com/quotes/about/downside/) [Graham](https://sms4smile.com/quotes/about/graham/) [Graham Liked](https://sms4smile.com/quotes/about/graham-liked-3155310/) [Ideas](https://sms4smile.com/quotes/about/ideas/) [Investing](https://sms4smile.com/quotes/about/investing/) [Protection](https://sms4smile.com/quotes/about/protection/) [Protection Downside](https://sms4smile.com/quotes/about/protection-downside-3155311/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [I tried to follow Ben Graham's ideas.](https://sms4smile.com/quotes/walter-schloss/i-tried-to-follow-ben-graham-s-ideas/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [It’s the downside of a family business: anything good is because I’m somebody’s son; otherwise, I’m a schmuck.](https://sms4smile.com/quotes/edgar-bronfman-jr/it-s-the-downside-of-a-family-business-anything-good-is-because-i-m/) [Edgar Bronfman, Jr](https://sms4smile.com/quotes/author/edgar-bronfman-jr/) > [The downside of word processing - it's quite possible to never end a work-in-progress.](https://sms4smile.com/quotes/jim-starlin/the-downside-of-word-processing-it-s-quite-possible-to-never-end-a/) [Jim Starlin](https://sms4smile.com/quotes/author/jim-starlin/) > [Manage the downside; the upside will take care of itself](https://sms4smile.com/quotes/donald-trump/manage-the-downside-the-upside-will-take-care-of-itself/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Being negative is easy. There will always be a downside to everything good, a hurdle to everything desirable, a con to every pro. The…](https://sms4smile.com/quotes/carolyn-hax/being-negative-is-easy-there-will-always-be-a-downside-to-everything/) [Carolyn Hax](https://sms4smile.com/quotes/author/carolyn-hax/) > [On the downside, to paraphrase Thom Yorke talking about the music business, we're still having to deal with the stench of the last fart…](https://sms4smile.com/quotes/edward-norton/on-the-downside-to-paraphrase-thom-yorke-talking-about-the-music/) [Edward Norton](https://sms4smile.com/quotes/author/edward-norton/) > [If we take all this actions and if it turns out not be true, we have reduced pollution and have better ways to live,…](https://sms4smile.com/quotes/tony-blair/if-we-take-all-this-actions-and-if-it-turns-out-not-be-true-we-have/) [Tony Blair](https://sms4smile.com/quotes/author/tony-blair/) > [As I have found out, recognition has its upside, its downside and – you may say – its backside.](https://sms4smile.com/quotes/pippa-middleton/as-i-have-found-out-recognition-has-its-upside-its-downside-and-you/) [Pippa Middleton](https://sms4smile.com/quotes/author/pippa-middleton/) > [A downside to being a successful novelist? Wow - I can't imagine one.](https://sms4smile.com/quotes/andrew-sean-greer/a-downside-to-being-a-successful-novelist-wow-i-can-t-imagine-one/) [Andrew Sean Greer](https://sms4smile.com/quotes/author/andrew-sean-greer/) > [It may part of a one way evolution... or it may be we are currently on the downside of an innocence cycle where one…](https://sms4smile.com/quotes/christopher-knight/it-may-part-of-a-one-way-evolution-or-it-may-be-we-are-currently-on/) [Christopher Knight](https://sms4smile.com/quotes/author/christopher-knight/) > [Photography ruins marriages, and I've been married three times - so there's a downside to it as well.](https://sms4smile.com/quotes/jack-welpott/photography-ruins-marriages-and-i-ve-been-married-three-times-so/) [Jack Welpott](https://sms4smile.com/quotes/author/jack-welpott/) > [“That’s the downside to San Diego. Once you live here, you never want to live anywhere else. Unfortunately everyone else already lives here.”](https://sms4smile.com/quotes/kiersten-white/that-s-the-downside-to-san-diego-once-you-live-here-you-never-want-to/) [Kiersten White](https://sms4smile.com/quotes/author/kiersten-white/) > [I can't think of a single downside to motherhood now.](https://sms4smile.com/quotes/anna-quindlen/i-can-t-think-of-a-single-downside-to-motherhood-now/) [Anna Quindlen](https://sms4smile.com/quotes/author/anna-quindlen/) > [I'm a complete addict of The 'X Factor,' so I can see why everyone gets so inspired. But there's a downside to celebrity: your…](https://sms4smile.com/quotes/diana-quick/i-m-a-complete-addict-of-the-x-factor-so-i-can-see-why-everyone-gets/) [Diana Quick](https://sms4smile.com/quotes/author/diana-quick/) > [I remember the early 1980s, when I first got one of these fabulous film critic jobs. The downside was sitting through 'Splatteria III: The…](https://sms4smile.com/quotes/stephen-hunter/i-remember-the-early-1980s-when-i-first-got-one-of-these-fabulous/) [Stephen Hunter](https://sms4smile.com/quotes/author/stephen-hunter/) ## More by Walter Schloss > [You have to have patience in this field.](https://sms4smile.com/quotes/walter-schloss/you-have-to-have-patience-in-this-field/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Try to buy assets at a discount than to buy earnings.](https://sms4smile.com/quotes/walter-schloss/try-to-buy-assets-at-a-discount-than-to-buy-earnings/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [If the market were way over priced, I wouldn't own any stocks.](https://sms4smile.com/quotes/walter-schloss/if-the-market-were-way-over-priced-i-wouldn-t-own-any-stocks/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Fear and greed tend to affect one's judgement.](https://sms4smile.com/quotes/walter-schloss/fear-and-greed-tend-to-affect-one-s-judgement/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [I helped Ben with the third edition of Security Analysis, published in 1951.](https://sms4smile.com/quotes/walter-schloss/i-helped-ben-with-the-third-edition-of-security-analysis-published-in/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [If there are not too many value stocks that I can find, the market isn't all that cheap.](https://sms4smile.com/quotes/walter-schloss/if-there-are-not-too-many-value-stocks-that-i-can-find-the-market-isn/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [We may buy a little bit of a stock, to get our feet wet and get a feeling for it.](https://sms4smile.com/quotes/walter-schloss/we-may-buy-a-little-bit-of-a-stock-to-get-our-feet-wet-and-get-a/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.](https://sms4smile.com/quotes/walter-schloss/each-year-we-buy-stocks-and-they-go-up-we-sell-them-and-then-we-try/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [When you buy a depressed company it's not going to go up right after you buy it, believe me.](https://sms4smile.com/quotes/walter-schloss/when-you-buy-a-depressed-company-it-s-not-going-to-go-up-right-after/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Earnings can change dramatically. Usually assets change slowly.](https://sms4smile.com/quotes/walter-schloss/earnings-can-change-dramatically-usually-assets-change-slowly/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Look for companies that do not have a lot of debt.](https://sms4smile.com/quotes/walter-schloss/look-for-companies-that-do-not-have-a-lot-of-debt/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Ben's emphasis was on protecting his expectation of profit with minimum risk.](https://sms4smile.com/quotes/walter-schloss/ben-s-emphasis-was-on-protecting-his-expectation-of-profit-with/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Buy stocks where the outlook is not good.](https://sms4smile.com/quotes/walter-schloss/buy-stocks-where-the-outlook-is-not-good/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?](https://sms4smile.com/quotes/walter-schloss/a-lot-of-companies-have-lots-of-assets-tied-up-in-plant-and-equipment/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.](https://sms4smile.com/quotes/walter-schloss/fear-and-greed-are-probably-the-worst-emotions-to-have-in-connection/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) [Explore all 89 Walter Schloss quotes ](https://sms4smile.com/quotes/author/walter-schloss/) ## More Downside quotes > [I remember the early 1980s, when I first got one of these fabulous film critic jobs. The downside was sitting through 'Splatteria III: The…](https://sms4smile.com/quotes/stephen-hunter/i-remember-the-early-1980s-when-i-first-got-one-of-these-fabulous/) [Stephen Hunter](https://sms4smile.com/quotes/author/stephen-hunter/) > [I'm a complete addict of The 'X Factor,' so I can see why everyone gets so inspired. But there's a downside to celebrity: your…](https://sms4smile.com/quotes/diana-quick/i-m-a-complete-addict-of-the-x-factor-so-i-can-see-why-everyone-gets/) [Diana Quick](https://sms4smile.com/quotes/author/diana-quick/) > [I can't think of a single downside to motherhood now.](https://sms4smile.com/quotes/anna-quindlen/i-can-t-think-of-a-single-downside-to-motherhood-now/) [Anna Quindlen](https://sms4smile.com/quotes/author/anna-quindlen/) > [“That’s the downside to San Diego. Once you live here, you never want to live anywhere else. Unfortunately everyone else already lives here.”](https://sms4smile.com/quotes/kiersten-white/that-s-the-downside-to-san-diego-once-you-live-here-you-never-want-to/) [Kiersten White](https://sms4smile.com/quotes/author/kiersten-white/) > [Photography ruins marriages, and I've been married three times - so there's a downside to it as well.](https://sms4smile.com/quotes/jack-welpott/photography-ruins-marriages-and-i-ve-been-married-three-times-so/) [Jack Welpott](https://sms4smile.com/quotes/author/jack-welpott/) > [It may part of a one way evolution... or it may be we are currently on the downside of an innocence cycle where one…](https://sms4smile.com/quotes/christopher-knight/it-may-part-of-a-one-way-evolution-or-it-may-be-we-are-currently-on/) [Christopher Knight](https://sms4smile.com/quotes/author/christopher-knight/) > [A downside to being a successful novelist? Wow - I can't imagine one.](https://sms4smile.com/quotes/andrew-sean-greer/a-downside-to-being-a-successful-novelist-wow-i-can-t-imagine-one/) [Andrew Sean Greer](https://sms4smile.com/quotes/author/andrew-sean-greer/) > [As I have found out, recognition has its upside, its downside and – you may say – its backside.](https://sms4smile.com/quotes/pippa-middleton/as-i-have-found-out-recognition-has-its-upside-its-downside-and-you/) [Pippa Middleton](https://sms4smile.com/quotes/author/pippa-middleton/) > [If we take all this actions and if it turns out not be true, we have reduced pollution and have better ways to live,…](https://sms4smile.com/quotes/tony-blair/if-we-take-all-this-actions-and-if-it-turns-out-not-be-true-we-have/) [Tony Blair](https://sms4smile.com/quotes/author/tony-blair/) > [On the downside, to paraphrase Thom Yorke talking about the music business, we're still having to deal with the stench of the last fart…](https://sms4smile.com/quotes/edward-norton/on-the-downside-to-paraphrase-thom-yorke-talking-about-the-music/) [Edward Norton](https://sms4smile.com/quotes/author/edward-norton/) > [Being negative is easy. There will always be a downside to everything good, a hurdle to everything desirable, a con to every pro. The…](https://sms4smile.com/quotes/carolyn-hax/being-negative-is-easy-there-will-always-be-a-downside-to-everything/) [Carolyn Hax](https://sms4smile.com/quotes/author/carolyn-hax/) > [Manage the downside; the upside will take care of itself](https://sms4smile.com/quotes/donald-trump/manage-the-downside-the-upside-will-take-care-of-itself/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [The downside of word processing - it's quite possible to never end a work-in-progress.](https://sms4smile.com/quotes/jim-starlin/the-downside-of-word-processing-it-s-quite-possible-to-never-end-a/) [Jim Starlin](https://sms4smile.com/quotes/author/jim-starlin/) > [It’s the downside of a family business: anything good is because I’m somebody’s son; otherwise, I’m a schmuck.](https://sms4smile.com/quotes/edgar-bronfman-jr/it-s-the-downside-of-a-family-business-anything-good-is-because-i-m/) [Edgar Bronfman, Jr](https://sms4smile.com/quotes/author/edgar-bronfman-jr/) > [Commercials and sometimes other guests - it's the down side of TV. Other people - it's the downside of life in general.](https://sms4smile.com/quotes/fran-lebowitz/commercials-and-sometimes-other-guests-it-s-the-down-side-of-tv-other/) [Fran Lebowitz](https://sms4smile.com/quotes/author/fran-lebowitz/) [Browse all 84 Downside quotes ](https://sms4smile.com/quotes/about/downside/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Graham liked the idea of protection on the downside.", "creator": { "@type": "Person", "name": "Walter Schloss" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/walter-schloss/graham-liked-the-idea-of-protection-on-the-downside/", "about": { "@type": "Thing", "name": "Downside" }, "@id": "https://sms4smile.com/quotes/walter-schloss/graham-liked-the-idea-of-protection-on-the-downside/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png", "contentUrl": "https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png", "url": "https://sms4smile.com/quotes/i/7ce/walter-schloss-7650_downside_graham-liked-the-idea-of-protection-on-t_338925.png", "width": 1080, "height": 1080, "caption": "“Graham liked the idea of protection on the downside.” — Walter Schloss", "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": "Walter Schloss", "item": "https://sms4smile.com/quotes/author/walter-schloss/" }, { "@type": "ListItem", "position": 4, "name": "Graham liked the idea of protection...", "item": "https://sms4smile.com/quotes/walter-schloss/graham-liked-the-idea-of-protection-on-the-downside/" } ], "@id": "https://sms4smile.com/quotes/walter-schloss/graham-liked-the-idea-of-protection-on-the-downside/#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 } } ] } ```