A Quote by Benjamin Graham

The intelligent investor is a realist who sells to optimists and buys from pessimists. — © Benjamin Graham
The intelligent investor is a realist who sells to optimists and buys from pessimists.
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
I don't know if the optimists or the pessimists are right. But, the optimists are going to get something done.
Pessimists are usually right and optimists are usually wrong but all the great changes have been accomplished by optimists.
Pessimists are toxic. I love optimists - and by that, I don't mean people who are unable to see challenges. Optimists are solution-oriented.
The positive outlook that optimists project does not come from ignoring or denying problems. Optimists simply assume that problems are temporary and can be solved, so optimists naturally want more information about problems because then they can get to work and do something. Pessimists are more likely to believe that there is nothing they can do anyway, so what's the point of even thinking about it?
The world belongs to optimists; the pessimists are only spectators.
He that buys land buys many stones, He that buys flesh buys many bones, He that buys eggs buys many shells, But he that buys good ale buys nothing else.
Pessimists calculate the odds. Optimists believe they can overcome them.
Optimists are right. So are pessimists. It's up to you to choose which you will be.
The chief problem with the individual investor: He or she typically buys when the market is high and thinks it's going to go up, and sells when the market is low and thinks it's going to go down.
Optimists think that this is the best of all possible worlds; pessimists fear they are right.
The nation that buys commands, the nation that sells serves; it is necessary to balance trade in order to ensure freedom; the country that wants to die sells only to one country , and the country that wants to survive sells to more than one.
Pessimists beat their heads against walls, while optimists open doors.
Optimists and pessimists die the exact same death, but they live very different lives!
I thought all my life that optimists and pessimists pass away the same way, so why be a pessimist?
Both optimists and pessimists contribute to society. The optimist invents the aeroplane, the pessimist the parachute.
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