Benjamin Graham
Benjamin Graham
Benjamin Grahamwas a British-born American economist and professional investor. Graham is considered the father of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book Security Analysis. Graham had many disciples in his lifetime, a number of whom went on to become successful investors themselves. Graham's most well-known disciples include Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss, among others...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth8 May 1894
CountryUnited States of America
Benjamin Graham quotes about
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.
The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.
Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.
The modern world is not geared properly to the storage of goods.
Nearly everyone interested in common stocks wants to be told by someone else what he thinks the market is going to do. The demand being there, it must be supplied.
Whether we like it or not, government intervention in the face of surplus is here to stay.
It is a fact worth pondering that four centuries ago the evil of "an abundance or surplus" arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.
The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.
Why should the cotton growers suffer if there is shortage of wheat?
The volume of credit depends upon three factors: the desire to borrow, the ability to lend and the desire to lend.
There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that market.
It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.
The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy.
The investor has the benefit of the stock market's daily and changing appraisal of his holdings, for whatever that appraisal may be worth , and, second, that the investor is able to increase or decrease his investment at the market's daily figure if he chooses . Thus the existence of a quoted market gives the investor certain options which he does not have if his security is unquoted. But it does not impose the current quotation on an investor who prefers to take his idea of value from some other source.