Investment Wisdom
Benjamin Graham Quotes:
"Wall Street people learn nothing and forget everything."
"Confronted with the challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety."
"The investor's chief problem - and even his worst enemy - is likely to be himself"
"Individuals who cannot master their emotions are ill-suited to profit from the investment process."
"Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of
most people to speculate or gamble... to give way to hope, fear and greed."
"The individual investor should act consistently as an investor and not as a speculator."
"Outright speculation is neither illegal, immoral, nor (for most people) fattening to the pocketbook . . ."
"If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market."
"Wall Street people learn nothing and forget everything."
"Confronted with the challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety."
"The investor's chief problem - and even his worst enemy - is likely to be himself"
"Individuals who cannot master their emotions are ill-suited to profit from the investment process."
"Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of
most people to speculate or gamble... to give way to hope, fear and greed."
"The individual investor should act consistently as an investor and not as a speculator."
"Outright speculation is neither illegal, immoral, nor (for most people) fattening to the pocketbook . . ."
"If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market."
Other Quotes:
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Warren Buffett -
"I rarely think the market is right. I believe non dividend stocks are not much more than baseball cards. They are worth what you can convince someone to pay for
it."
Mark Cuban -
"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets."
Peter Lynch
Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing
that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday.
--Edwin Lefevr
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten."
Peter Lynch
"Any man who is a bear on the future of this country will go broke." ---J.P. Morgan
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
---Warren Buffett
"The main purpose of the stock market is to make fools of as many men as possible." -- Bernard Baruch
Look at stocks as businesses, look for businesses you understand, run by people you trust and are comfortable with, and leave them alone for a long time.
--Warren Buffett
"We have two classes of forecasters: Those who don't know--and those who don't know they don't know." ---John Kenneth Galbraith
"Diversification is a protection against ignorance." Warren Buffett
"The deeper one delves, the worse things look for actively managed funds." William Bernstein
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Warren Buffett -
"I rarely think the market is right. I believe non dividend stocks are not much more than baseball cards. They are worth what you can convince someone to pay for
it."
Mark Cuban -
"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets."
Peter Lynch
Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing
that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday.
--Edwin Lefevr
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten."
Peter Lynch
"Any man who is a bear on the future of this country will go broke." ---J.P. Morgan
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
---Warren Buffett
"The main purpose of the stock market is to make fools of as many men as possible." -- Bernard Baruch
Look at stocks as businesses, look for businesses you understand, run by people you trust and are comfortable with, and leave them alone for a long time.
--Warren Buffett
"We have two classes of forecasters: Those who don't know--and those who don't know they don't know." ---John Kenneth Galbraith
"Diversification is a protection against ignorance." Warren Buffett
"The deeper one delves, the worse things look for actively managed funds." William Bernstein
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Standfast Asset Management, LLC
