You must never delude yourself into thinking that you're investing when you're speculating.

The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.

The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.

If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market.

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".

We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more that it is selling for.

An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.