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
What this quote means
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.
Themes
EmotionsInvestmentControlMasterySuccess
In practice
Example use cases
During a finance seminar, to illustrate the importance of emotional discipline in investing.
More from Benjamin Graham
All quotes βHave 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.
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Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
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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.
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To be an investor you must be a believer in a better tomorrow.
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While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
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