The intelligent investor is likely to need considerable will power to keep from following the crowd.
Benjamin Grahamthere is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.
Benjamin GrahamIn an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.
Benjamin GrahamIf fees consume more than 1% of your assets annually, you should probably shop for another adviser.
Benjamin GrahamIn the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'
Benjamin GrahamSince we have emphasized that analysis will lead to a positive conclusion only in the exceptional case, it follows that many securities must be examined before one is found that has real possibilities for the analyst. By what practical means does he proceed to make his discoveries? Mainly by hard and systematic work.
Benjamin Graham