Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

- Benjamin Graham
More Quotes By Benjamin Graham
- Individuals who cannot master their emotions are ill-suited to profit from the investment process.
- Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and...
- To have a true investment, there must be a true margin of safety. And a true margin of...
- Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as...
- Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
- The intelligent investor is a realist who sells to optimists and buys from pessimists.
- Successful investing is about managing risk, not avoiding it.
- In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are...
- In the short run, the market is a voting machine, but in the long run it is a...
- Before you invest, you must ensure that you have realistically assessed your probability of being right and how...
- If you are shopping for common stocks, choose them the way you would buy groceries, not the way...
- The true investor… will do better if he forgets about the stock market and pays attention to his...
- A great company is not a great investment if you pay too much for the stock.
- An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
- we have complaints that institutional dominance of the stock market has put ‘the small investor at a disadvantage...
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