Benjamin Graham Quotes about Past

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: Those who do not remember the past are condemned to repeat it.

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".

Benjamin Graham

Wall, Past, Investing

Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.1, Harper Collins

All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.

Benjamin Graham

Real, Mean, Past

"The Intelligent Investor: The Classic Text on Value Investing". Book by Benjamin Graham. Chapter I, What the Intelligent Investor Can Accomplish, p. 17, 1949.

The history of the past fifty years, and longer, indicates that a diversified holding of representative common stocks will prove more profitable over a stretch of years than a bond portfolio, with one important provisio that the shares must be purchased at reasonable market levels, that is, levels that are reasonable in the light of fairly well-defined standards derived from past experience.

Benjamin Graham

Past, Light, Years

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

The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and its future is highly uncertain.

Benjamin Graham

Past, Gold, Commodity

"Storage and Stability". Book by Benjamin Graham.Part III, Chapter X, The Status of Gold and Silver, p. 127, 1937.