Benjamin Graham Quotes

In the world of money and investing, you must learn to control your emotions.

For most people, attaining the intellectual clarity and emotional detachment that investing requires is tough.

Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

There is only one side of the market and it is not the bull side or the bear side, but the right side.

The real key to making money in stocks is not to get scared out of them.

There is no sense in getting excited by market cap because it is a tool.

You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.

Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.

At the end of the day, the markets are my passion.

When the man who ought to want a stock doesn't want it, why should I want it?

Never give anyone the advice to buy or sell shares, because the most benevolent price of advice can turn out badly.

The markets are the world's greatest Rubik's cube. And I love solving puzzles.

Eliminate emotion from your investment program.

I'm not short, so I can make a speech and drive the stock down and cover the stock. That's not what I do.

The Stock Market is designed to transfer money from the Active to the Patient.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.

It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year.

You have to keep your priorities straight if you plan to do well in stocks.

The chief obstacle to success lies in the stubborn fact that if the favorable prospects of a concern are clearly apparent they are almost always reflected already in the current price of the stock. Buying such an issue is like betting on a topheavy favorite in a horse race. The chances may be on your side, but the real odds are against you.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.

Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.