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| 30 The Intelligent Investor Quotes By Benjamin Graham |
Information About The Intelligent Investor
Name of Book : The Intelligent Investor
Author : Benjamin Graham
Genre : Business Management
Pages : 640
Language : English
Country : United States
Publication date : 1949
Publisher : Harper & Brothers
Quotes From The Intelligent Investor
1. “ The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern. ”
— The Intelligent Investor
2. “ Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep. ”
— The Intelligent Investor
3. “ A great company is not a great investment if you pay too much for the stock. ”
— The Intelligent Investor
4. “ Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues. ”
— The Intelligent Investor
5. “ The intelligent investor gets interested in big growth stocks not when they are at their most popular – but when something goes wrong. ”
— The Intelligent Investor
6. “ The only thing you should do with pro forma earnings is ignore them. ”
— The Intelligent Investor
7. “ The value of any investment is, and always must be, a function of the price you pay for it. ”
— The Intelligent Investor
8. “ Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains. ”
— The Intelligent Investor
9. “ By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed. ”
— The Intelligent Investor
10. “ The intelligent investor shouldn’t ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests. ”
— The Intelligent Investor
11. “Successful investing is about managing risk, not avoiding it. ”
— The Intelligent Investor
12. “ High valuations entail high risks. ”
— The Intelligent Investor
13. “ Even the intelligent investor is likely to need considerable will power to keep from following the crowd. ”
— The Intelligent Investor
14. “ Investment is most intelligent when it is most businesslike. ”
— The Intelligent Investor
15. “ The best values today are often found in the stocks that were once hot and have since gone cold. ”
— The Intelligent Investor
16. “ The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go. ”
— The Intelligent Investor
17. “ If fees consume more than 1% of your assets annually, you should probably shop for another adviser. ”
— The Intelligent Investor
18. “ Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored. ”
— The Intelligent Investor
19. “ Never buy a stock because it has gone up or sell one because it has gone down. ”
— The Intelligent Investor
20. “ In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy. ”
— The Intelligent Investor
21. “ The beauty of periodic rebalancing is that it forces you to base your investing decisions on a simple, objective standard. ”
— The Intelligent Investor
22. “ A speculator gambles that a stock will go up in price because somebody else will pay even more for it. ”
— The Intelligent Investor
23. “ The investor should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could vary widely in market price in response to changes in interest rates. ”
— The Intelligent Investor
24. “ No statement is more true and better applicable to Wall Street than the famous warning of Santayana: “Those who do not remember the past are condemned to repeat it ”
— The Intelligent Investor
25. “ The intelligent investor is a realist who sells to optimists and buys from pessimists. ”
— The Intelligent Investor
26. “ Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before. ”
— The Intelligent Investor
27. “ The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy. ”
— The Intelligent Investor
28. “ Never mingle your speculative and investment operations in the same account nor in any part of your thinking. ”
— The Intelligent Investor
29. “ The speculator’s primary interest lies in anticipating and profiting from market fluctuations. The investor’s primary interest lies in acquiring and holding suitable securities at suitable prices. ”
— The Intelligent Investor
30. “ There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there’s one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees. ”
— The Intelligent Investor