Benjamin Graham
British-born American economist, professor and investor
Lived from: 1894 - 1976
Category: Business and entrepreneurs
Born: 9 may 1894 Died: 21 september 1976
Quotes 1 till 20 of 28.
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Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.
The Intelligent Investor Ch. 7, Portfolio Policy: The Positive Side, p. 75― Benjamin Graham -
Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.
Storage and Stability Part II, Ch. VIII,Ultimate Uses of the Stored Unit― Benjamin Graham -
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.
World Commodities and World Currencies Ch. II, The Issue of Cartels, p. 21― Benjamin Graham -
Even the most conservative must realize that the recent transformation of surplus from an individual to a national disaster implies a scathing indictment of our capitalist system as it has now developed.
Storage and Stability Part I, Ch. I, The Changing Role of Surplus Stocks― Benjamin Graham -
Instead of passing blithely over into that Promised Land, flowing almost literally with milk and honey, it may be our destiny to wander a full 40 years or more in the wilderness of doubt and divided sentiments.
Storage and Stability Part I, Ch. I, The Changing Role of Surplus Stocks― Benjamin Graham -
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.
Storage and Stability Part I, Ch. II, Government and Surplus Stocks, p.― Benjamin Graham -
It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.
World Commodities and World Currencies Ch. X, Commodity Unit Stabilization, p. 109― Benjamin Graham -
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.
Storage and Stability Part IV, Ch. XVI, Reservoir Plan Versus Crop Contr― Benjamin Graham -
Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.
World Commodities and World Currencies Ch. IX, Commodities, Gold, Credit as Money, p. 100― Benjamin Graham -
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
― Benjamin Graham -
Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.
The Intelligent Investor Ch. 20, Margin of Safety: The Central Concept, p.― Benjamin Graham -
Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.
Storage and Stability Part II, Ch. VI, The Question of Price Stability,― Benjamin Graham -
The existence of such a war chest might go far to strengthen our prestige and frighten off any would be assailant.
Storage and Stability Part II, Ch. VIII, Ultimate Uses of the Stored Uni― Benjamin Graham -
The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to the topsy-turvy Alice-in-Wonderland reasoning that has marked so much of our depression thinking and policy.
Storage and Stability Preface, p. vii― Benjamin Graham -
The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on the nation.
Storage and Stability Part II, Ch. IX, The Cost of the Reservoir Plan, p― Benjamin Graham -
The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.
Storage and Stability Part V, Ch. XIX, The Reservoir Plan and Tradition,― Benjamin Graham -
The Reservoir plan is and engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy.
Storage and Stability Part V, Ch. XIX, The Reservoir Plan and Tradition,― Benjamin Graham -
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.
Storage and Stability Part II, Ch. IV, A Plan For Conserving Surplus, p.― Benjamin Graham -
The State can always afford to finance what its citizens can soundly produce.
Storage and Stability Part I, Ch. III, The Problem of Conserving Surplus― Benjamin Graham -
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.
World Commodities and World Currencies Ch. V, Stabilization of Raw Materials, p. 56― Benjamin Graham
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H.G. Wells
