Individuals who cannot master their emotions are ill-suited to profit from the investment process.
Benjamin GrahamRead
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
Interpretation
Not all growth opportunities in a business guarantee profits for investors.
This quote emphasizes that while a business may have clear opportunities for physical expansion, such growth does not automatically ensure financial returns for investors. It serves as a reminder that business dynamics are complex and growth must be carefully evaluated in terms of profitability.
In practice
During a business seminar focusing on investment strategies.
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.
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
It is very difficult to get people to focus on the most important things when you're in boom times.
CEOs are paid for doing a terrible job. If the system wasn't so messed up, guys like me wouldn't make this kind of money.
I think that business practices would improve immeasurably if they were guided by "feminine" pinciples, qualities like love, care, and intuition.
There is only one winning strategy. It is to carefully define the target market and direct a superior offering to that target market.
Wherever we are seeing something getting used, that to us is an early indicator that there might be something that people want. And then let's figure out how to make that great. And then let's go figure out monetization.
The best client is a scared millionaire.
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