Benjamin Graham

The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.

“The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as … Read More

If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.

“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser … Read More

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.

“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 … Read More

… the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.

“… the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has … Read More

The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.

“The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man … Read More