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Benjamin Graham Quotes about Loss

All Benjamin Graham Quotes Attitude Character Effort Giving Growth Loss quotes Lying Making Money Management Money Opportunity Past Quality Risk Running Safety Selling Values Voting Wall
The defensive (or passive) investor will place chief emphasis on the avoidance of serious mistakes or losses. His second aim will be freedom from effort, annoyance, and the need for making frequent decisions.

The defensive (or passive) investor will place chief emphasis on the avoidance of serious mistakes or losses. His second aim will be freedom from effort, annoyance, and the need for making frequent decisions.

Benjamin Graham
Mistake, Loss, Effort
Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.6, Harper Collins

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Benjamin Graham
Loss, Quality, Investing
Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.

Benjamin Graham
Real, Loss, Risk
Benjamin Graham, Institute of Chartered Financial Analysts, Financial Analysts Research Foundation (1974). “The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974”

It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.

Benjamin Graham
Wall, Loss, Energy
Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.29, Harper Collins

Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

Benjamin Graham
Ignorance, Loss, Typical

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good business conditions. The purchasers view the good current earnings as equivalent to 'earning power' and assume that prosperity is equivalent to safety.

Benjamin Graham
Loss, Taught Us, Views

Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.

Benjamin Graham
Commitment, Loss, Numbers

A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.

Benjamin Graham
Real, Loss, Sound
"The Intelligent Investor: The Classic Text on Value Investing". Book by Benjamin Graham, Chapter II, The Investor and Stock-Market Fluctuations, p. 25, 1949.

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.

Benjamin Graham
Taken, Loss, Hundred
"The Intelligent Investor: The Classic Text on Value Investing". Book by Benjamin Graham. Chapter II, The Investor and Stock-Market Fluctuations, p. 34, 1949.

... the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.

Benjamin Graham
Wall, Loss, Years

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