Benjamin Graham Quotes About Selling

Quotes about: Selling

• Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.

  Benjamin Graham

  Bulls, Levels, Next

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

• Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.

  Benjamin Graham

  Men, Investing, Selling

  Benjamin Graham, David Dodd (2008). “Security Analysis: Sixth Edition, Foreword by Warren Buffett”, p.35, McGraw Hill Professional

• We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more that it is selling for.

  Benjamin Graham

  Issues, Analysis, Investing

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

• The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods.

  Benjamin Graham

  Simple, Principles, Buying

• The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925 and buying back at 109 in 1931 was a satisfactory operation. Some may think that an intelligent investor should have been able to sell out much closer to the high of 381 and to buy back nearer the low of 41. If that is your own view you are probably a speculator at heart and will have trouble keeping to true investment precepts while the market rushes up and down.

  Benjamin Graham

  Heart, Intelligent, Thinking

• Individual security bargains may be located by the process of security analysis practically at any time. They can be bought with good overall results at all periods except when the general market itself is clearly in a selling range for investors. They show up to best advantage during the years in which the market remains in a relatively narrow and neutral area.

  Benjamin Graham

  Years, Analysis, May

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

• The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is true even when he cashes in a goodly profit, unless either (a) he is definitely through with buying stocks an unlikely story or (b) he is determined to reinvest only at considerably lower levels. In a continuous program no market profit is fully realized until the later reinvestment has actually taken place, and the true measure of the trading profit is the difference between the previous selling level and the new buying level.

  Benjamin Graham

  Smart, Taken, Differences

• 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.

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