Benjamin Graham

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


The intelligent investor is likely to need considerable will power to keep from following the crowd.

Benjamin Graham

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

Benjamin Graham

If you have formed a conclusion from the facts and if you know your judgement is sound, act on it – even though others may hesitate or differ.

Benjamin Graham

You are neither right nor wrong because people agree with you.

Benjamin Graham

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Benjamin Graham

The investor’s chief problem – and even his worst enemy – is likely to be himself.

Benjamin Graham

It is absurd to think that the general public can ever make money out of market forecasts.

Benjamin Graham

Most of the time stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble…to give way to hope, fear and greed.

Benjamin Graham

I quickly convinced myself that the true key to happiness lay in a modest standard of living which could be achieved with little difficulty under almost all economic conditions.

Benjamin Graham

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

Benjamin Graham

…an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.

Benjamin Graham

It is rare that the founder of a discipline does not find his work eclipsed in rather short order by successors. But for over forty years after publication of the book ["Security Analysis"] that brought structure and logic to a disorderly and confused activity, it is difficult to think of possible candidates for even the runner-up position in the field of security analysis.

Warren Buffet on Benjamin Graham and his work