“The most striking thing about Graham’s discussion of how to allocate your assets between stocks and bonds is that he never mentions the word “age”.” … Read More
“The modern world is not geared properly to the storage of goods.” Benjamin Graham
“It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.” Benjamin Graham
“The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or … Read More
“It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.” … Read More
“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
“Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.” … 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 … 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 … 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 … Read More
“The value of the security analyst to the investor depends largely on the investor’s own attitude. If the investor asks the analyst the right questions, … Read More
“Whether we like it or not, government intervention in the face of surplus is here to stay.” Benjamin Graham
“Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting … Read More
“The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on … 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 … Read More
“The memory of the financial community is proverbially and distressingly short.” Benjamin Graham
“Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.” Benjamin Graham
“Good managements produce a good average market price, and bad managements produce bad market prices.” Benjamin Graham
“there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.” … Read More
“It is a fact worth pondering that four centuries ago the evil of “an abundance or surplus” arose from its being kept off the market, … Read More
