To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.Benjamin Graham
The investor’s chief problem—and even his worst enemy—is likely to be himself.Benjamin Graham
In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.Benjamin Graham
It is absurd to think that the general public can ever make money out of market forecasts.Benjamin Graham
But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.Benjamin Graham
The best time to invest is when you have money. This is because history suggests it is not timing which matters, but time.Benjamin Graham
Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.Benjamin Graham
The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.Benjamin Graham
Buy not on optimism, but on arithmetic.Benjamin Graham
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.Benjamin Graham