I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.
Benjamin GrahamBy developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.
Benjamin GrahamAn intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.
Benjamin GrahamTo achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
Benjamin GrahamThe investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.
Benjamin GrahamWe are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
Benjamin Graham