10 Quotes by Benjamin Graham on Investing and Value

The intelligent investor is a realist who sells to optimists and buys from pessimists.

Successful investing is about managing risk, not avoiding it.

You must never delude yourself into thinking that you’re investing when you’re speculating.

In the short run, the market is a voting machine but in the long run, it is a weighing machine.

The investor’s chief problem and even his worst enemy is likely to be himself.

Buy not on optimism, but on arithmetic.

Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

To be an investor you must be a believer in a better tomorrow.

Individuals who cannot master their emotions are ill-suited to profit from the investment process.