If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be …

- Benjamin Graham

The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right question…

- Benjamin Graham

To establish the right price for a stock, the market must have adequate information, but it by no means follows that is the market has this informati…

- Benjamin Graham

It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.

- Benjamin Graham

Never buy a stock because it has gone up or sell one because it has gone down.

- Benjamin Graham

It's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings.

- Benjamin Graham

Calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years.

- Benjamin Graham

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never del…

- Benjamin Graham

There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that ma…

- Benjamin Graham