The Investment Business

“The aggressive investor must have a considerable knowledge of security values–enough, in fact, to warrant viewing his security operations as equivalent to a business enterprise. ¬†There is no room in this philosophy for a middle ground, or a series of gradations, between passive and aggressive status.”

“As an investor you cannot soundly become “half a businessman”, expecting thereby to achieve half the normal rate of business profits on your funds.”

“The enterprising investor may properly embark upon any security operation for which his training and judgment are adequate and which appears sufficiently promising when measured by established business standards.”

Benjamin Graham

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