Observation over many years has taught us that the chief losses to investors come from the purchase of … - Benjamin Graham

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What most needs explanation is not why some people are criminals, but why most people are not.

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 good business conditions. The purchasers view the good current earnings as equivalent to 'earning power' and assume that prosperity is equivalent to safety.

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

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The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.

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Losing some money is an inevitable part of investing, and there's nothing you can do to prevent it. But to be an intelligent investor, you must take responsibility for ensuring that you never lose most or all of your money.

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A great company is not a great investment if you pay too much for the stock.

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Successful investing is about managing risk, not avoiding it.

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