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.


Citations

Graham, Benjamin. The Intelligent Investor. Harper & Row, 1973.

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Benjamin Graham
Benjamin Graham
  • Born: May 9, 1894
  • Died: September 21, 1976
  • Nationality: American
  • Profession: Economist

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.