I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.
Benjamin GrahamTo establish the right price for a stock, the market must have adequate information, but it by no means follows that is the market has this information it will thereupon establish the right price.
Benjamin GrahamThe distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.
Benjamin GrahamIt always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the applicable net current assets alone - after deducting all prior claims, and counting as zero the fixed and other assets - the results should be quite satisfactory.
Benjamin Graham