Benjamin Graham Quotes About Risk

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

  →

  Benjamin Graham

  1123

• No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the "margin of safety" - never overpaying, no matter how exciting an investment seems to be - can you minimize your odds of error.

  →

  Benjamin Graham

  Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.13, Harper Collins

  1052

• 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

  Loss  

  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”

  1499

• Successful investing is about managing risk, not avoiding it.

  →

  Benjamin Graham

  3338

• High valuations entail high risks.

  →

  Benjamin Graham

  1726

You May Also Like:

Walter Schloss

Philip Arthur Fisher

Irving Kahn

Carlos Slim

John C. Bogle

Bill Gates

Charlie Munger

David Dreman