It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that the buyer is informed and experienced and he practices adequate diversification. For, if the price is low enough to create a substantial margin of safety, the security thereby meets our criterion of investment.
Benjamin GrahamRelated topics
argument buyer criterion diversification enough low opportunity quality security sound substantial turn meetsRelated quotes
Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.
Benjamin Graham
The Labour Party is a democratic socialist party. It believes that by the strength of our common endeavour we achieve more than we achieve alone, so as to create for each of us the means to realise our true potential and for all of us a community in which power, wealth, and opportunity are in the hands of the many, not the few.
Tony Blair
The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.
Mark Skousen
Had we lived, I should have had a tale to tell of the hardihood, endurance, and courage of my companions which would have stirred the heart of every Englishman. These rough notes and our dead bodies must tell the tale, but surely, surely, a great rich country like ours will see that those who are dependent on us are properly provided for.
Robert Falcon Scott
However often we turn to it the Koran at first disgusting us each time afresh, it soon attracts, astounds, and in the end enforces our reverence.... Its style, in accordance with its contents and aim is stern, grand, terrible - ever and anon truly sublime Thus this book will go on exercising through all ages a most potent influence.
Johann Wolfgang von Goethe