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Benjamin Graham

Author of Security Analysis and The Intelligent Investor, and the man usually called the father of value investing.

Investor · Author6 lines
“The essence of investment management is the management of risks, not the management of returns.”
Benjamin Graham · widely attributed
“The margin of safety is always dependent on the price paid.”
Benjamin Graham · The Intelligent Investor, 1949
“In the short run, the market is a voting machine, but in the long run it is a weighing machine.”
Benjamin Graham · widely attributed
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham · The Intelligent Investor, 1949
“You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.”
Benjamin Graham · The Intelligent Investor, 1949
“The market is fond of making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.”
Benjamin Graham · The Intelligent Investor, 1949
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