Focus On Value

“By shifting his emphasis from price movements as such to their effect on the level of values the investor can retain his original and proper status as the buyer of sound securities and at the same time react intelligently to the recurrent fluctuations of the stock market”

“His role is not that of a prophet but of a businessman seizing clearly evident investment opportunities.  He is not trying to be smarter than his fellow investors but simply trying to be less irrational than the mass of speculators who insist on buying after the market advances and selling after it goes down.  If the market persists in behaving foolishly, all he seems to need is ordinary common sense in order to exploit its foolishness.”

Benjamin Graham

  • Share
Previous Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>