Benjamin Graham Quotes About Management

Quotes about: Management

• The essence of investment management is the management of risks, not the management of returns.

  Benjamin Graham

  Essence, Risk, Investing

• All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.

  Benjamin Graham

  Real, Mean, Past

  "The Intelligent Investor: The Classic Text on Value Investing". Book by Benjamin Graham. Chapter I, What the Intelligent Investor Can Accomplish, p. 17, 1949.

• Good managements produce a good average market price, and bad managements produce bad market prices.

  Benjamin Graham

  Average, Good Man, Management

  Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”

• Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." ... The public owners seem to have abdicated all claim to control over the paid superintendents of their property.

  Benjamin Graham

  Attitude, Phrases, Opinion

  "The Intelligent Investor: The Classic Text on Value Investing". Book by Benjamin Graham, Chapter I, What the Intelligent Investor Can Accomplish, p. 18, 1949.

• Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.

  Benjamin Graham

  Real, Loss, Risk

  Benjamin Graham, Institute of Chartered Financial Analysts, Financial Analysts Research Foundation (1974). “The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974”

• The qualitative factors upon which most stress is laid are the nature of the business and the character of the management. These elements are exceedingly important, but they are also exceedingly difficult to deal with intelligently.

  Benjamin Graham

  Stress, Character, Important

  Benjamin Graham, David Le Fevre Dodd (1934). “Security Analysis: The Classic 1934 Edition”, McGraw Hill Professional

• The story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.

  Benjamin Graham

  Simple, Thinking, Egypt

  "World Commodities and World Currencies". Book by Benjamin Graham. Chapter V, Stabilization of Raw Materials, p. 56, 1944.

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