Quotes by Investing Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep. Benjamin Graham evidence investing people The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average. Benjamin Graham investing sound average A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market. Benjamin Graham wreckage investing bears The sillier the market's behavior, the greater the opportunity for the business like investor. Benjamin Graham investing behavior opportunity Confusing speculation with investment is always a mistake. Benjamin Graham investing confusing mistake There is a close logical connection between the concept of a safety margin and the principle of diversification. Benjamin Graham investing safety principles Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced. Benjamin Graham portfolios investing issues The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price. Benjamin Graham miscalculations investing safety 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. Benjamin Graham investing safety long Never mingle your speculative and investment operations in the same account nor in any part of your thinking. Benjamin Graham investment investing thinking Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap. Benjamin Graham investing enterprise We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this approach is as fallacious as it is popular. Benjamin Graham investing making-money approach 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. Benjamin Graham investing worried permit 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. Benjamin Graham investing ducks intelligent Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth. Benjamin Graham investing doe pay The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase. Benjamin Graham investing issues analysis Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach. Benjamin Graham investing honesty hands Diversification is an established tenet of conservative investment. Benjamin Graham investment investing conservative As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him. Benjamin Graham investing intelligent weight It's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings. Benjamin Graham ratios investing earning «1234567891011»