It is absurd to think that the general public can ever make money out of market forecasts.
Benjamin GrahamRead
Individuals who cannot master their emotions are ill-suited to profit from the investment process.
Interpretation
Emotional control is essential for successful investing.
This quote emphasizes the importance of emotional intelligence in the world of investing. Benjamin Graham suggests that individuals who struggle to manage their emotions are likely to make irrational decisions that could lead to financial losses, highlighting the need for self-control and discipline in investment strategies.
In practice
During a finance seminar, to illustrate the importance of emotional discipline in investing.
It is absurd to think that the general public can ever make money out of market forecasts.
Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it β even though others may hesitate or differ.
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
When somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is a good chance that the man who uses it doesn't know what it means.
To be an investor you must be a believer in a better tomorrow.
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
No living person is sunk so low as not to be imitated by somebody.
Chase after the truth like all hell and you'll free yourself, even though you never touch its coat tails.
The world is afflicted by death and decay. But the wise do not grieve, having realized the nature of the world.
There are people who have tremendously important things to say, but they say it so poorly that nobody would ever want to read it.
You have to live spherically - in many directions. Never lose your childish enthusiasm - and things will come your way.
If we function according to our ability alone, we get the glory; if we function according to the power of the Spirit within us, God gets the glory.
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