Benjamin Graham Quotes
It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.
Graham, Benjamin. The Intelligent Investor. Harper & Row, 1973.
Kennedy himself was a master trader and negotiator. This was a facet of FDR that most people at the time missed. FDR was always so jovial and friendly, and had staff do all his dirty work, that many people underestimated FDR in many ways. See {609696}. And {615600}.
This may have been the worst stock market advice ever sent to customers. The Great Depression would suppress the economy of more than a decade.
Jobs led Apple when it became the technology company with the largest stock market valuation ever, yet he freely admitted that he did bit understand the market. He just ran a great company which produced wonderful, innovative products and paid relatively little attention to the stock market and Wall Street.
Benjamin Graham was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.