Individuals who cannot master their emotions are ill-suited to profit from the investment process.
Benjamin GrahamRead
To be an investor you must be a believer in a better tomorrow.
Interpretation
Investors need to have faith in future growth and improvements.
This quote by Benjamin Graham emphasizes that successful investing is not just about numbers and analysis; it also requires a fundamental belief in the possibility of progress and the improvement of circumstances. An investor must trust that despite current hardships or uncertainties, a better future is achievable, which motivates them to take calculated risks in the present.
In practice
This quote is perfect for a motivational speech about investing at a financial seminar.
Individuals who cannot master their emotions are ill-suited to profit from the investment process.
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.
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns - in short, being fooled by randomness.
There's quite a bit of evidence that even professionals don't show any ability to pick stocks or to predict market rollbacks. Most of the people we identify as skilled based on returns have probably just been lucky.
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
There's a company behind every stock and a reason companies - and their stocks - perform the way they do.
Investing is the intersection of economics and psychology.
Growth and value investing are joined at the hip.
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