Important quotes from Benjamin Graham about investing

Benjamin Graham is the father of value investing. His investment approach is based on the purchase of companies that are valued below their real value in relation to the share price and their market capitalization. One of its main principles is to create a good risk / return ratio when positioning the stock at a low price compared to the real value of the company. His exit strategy is to sell the stock when he gets close to his real cash flow and valuation.

Here are ten of Benjamin Graham’s best quotes that reveal his method for value investing. 

“Investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only by the rules that put the odds squarely in your favor.”

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.”

“Those who do not remember the past are condemned to repeat it.”

“Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”

“The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.”

“Buy cheap and sell dear.”

“You will be much more in control, if you realize how much you are not in control.”

“Abnormally good or abnormally bad conditions do not last forever.”

“While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.”