Benjamin Graham Quotes

When you get a lot of money thrown at you, you can make some dumb decisions without the right advice.

Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

It's important to understand how people perceive risk, and how that translates into investment behavior.

It is said that the night brings counsel, but it is not said that the counsel is necessarily good.

There's a number of companies clearly that we wish we had invested in either at the early or at the moderate stage.

When I come to work each day, whether as a commentator for TheStreet.com or a host of Mad Money With Jim Cramer, I have only one thought in mind: helping people with their money.

It's fine to seek professional help, but I urge everyone - no matter how big their portfolio - to truly understand every suggestion they're given before acting.

I don't give investment advice.

Good counsel is good for him that will do thereafter.

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

Discretion is the most important thing for a banker. That is the philosophy of the family... I mean, of the bank.

I once invested in a risky business. Quite a few people warned me not to do so, but I still went ahead and invested the money.

We take dispassionate view of our investments. Does it mean that we are looking out to monetise the investment? That is not correct. But if we get an offer that we cannot refuse, as I say, then it is not that we are not, that we will still hold on to the investment.

Assessing management quality is clearly one of the most important aspects of an investment decision.

I did not write any of the letters that were ever published as investment commentary.

I invested in bitcoin - was that because of my degree? I don't know.

Without knowledge and understanding, one tends to become a passive spectator rather than an active participant in the great decisions of our time.

I will not give you counsel, saying do this, or do that. For not in doing or contriving, nor in choosing between this course and another, can I avail; but only in knowing what was and is, and in part also what shall be.

I don't think you should invest in commodities. Eddie Murphy made it seem risky in Trading Places.

To me, the "tape" is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!

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.

I presumably lost $150,000 in the depression of 1937—on my one stock investment—because I did everything Lehman Brothers told me. I said, well, this is a fool’s procedure . . . buying stock in other people’s businesses.

The advice "you never go broke taking a profit" is foolish.

Generally you should act somewhere between P40 and P70, as I call it. Sometime after you have obtained 40 percent of all the information you are liable to get, start thinking in terms of making a decision. When you have about 70 percent of all the information, you probably ought to decide, because you may lose an opportunity in losing time.

Not making a decision is the worst thing you can do. So long as you feel you made the right decision based on the information you had at that time, there's no need to fret about it. If it fails, you'll know what to do next time.