An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
Benjamin GrahamSuccessful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.
Benjamin GrahamIn other words, the market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism, in accordance with its specific qualities. Rather should we say that the market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.
Benjamin GrahamWhen somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is a good chance that the man who uses it doesn't know what it means.
Benjamin Graham