20 Great Benjamin Graham Quotes For The Investor In You

The intelligent investor is a realist who sells to optimists and buys from pessimists.

Benjamin Graham

  

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

Benjamin Graham

  

In the short run, the market is a voting machine but in the long run, it is a weighing machine.

Benjamin Graham

  

Those who do not remember the past are condemned to repeat it.

Past

Benjamin Graham

  

But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.

Yourself

Benjamin Graham

  

The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.

Benjamin Graham

  

Obvious prospects for physical growth in a business do not translate into obvious profits for investors.

Business

Benjamin Graham

  

People who invest make money for themselves; people who speculate make money for their brokers.

Money

Benjamin Graham

  

On the other hand, investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only by the rules that put the odds squarely in your favor.

You

Benjamin Graham

  

Buy cheap and sell dear.

Benjamin Graham

  

As the Danish philosopher Søren Kierkegaard noted, life can only be understood backwards—but it must be lived forwards.

Life

Benjamin Graham

  

Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars’ worth of groceries. Today, a five-year-old can do it. —Henny Youngman

Benjamin Graham

  

If the reason people invest is to make money, then in seeking advice they are asking others to tell them how to make money. That idea has some element of naïveté.

Money

Benjamin Graham

  

The investment world nevertheless has enough liars, cheaters, and thieves to keep Satan's check-in clerks frantically busy for decades to come.

Benjamin Graham

  

The punches you miss are the ones that wear you out. —Boxing trainer Angelo Dundee

You

Benjamin Graham

  

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.

Benjamin Graham

  

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.

Business

Benjamin Graham

  

Invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price.3

You

Benjamin Graham

  

You’ve got to be careful if you don’t know where you’re going, ’cause you might not get there. —Yogi Berra

You

Benjamin Graham

  

With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices.    

History

Benjamin Graham