A Quote by Benjamin Graham

Buy not on optimism, but on arithmetic. — © Benjamin Graham
Buy not on optimism, but on arithmetic.
There are really two kinds of optimism. There's the complacent, Pollyanna optimism that says, 'Don't worry - everything will be just fine,' and that allows one to just lay back and do nothing about the problems around you. Then there's what we call dynamic optimism. That's an optimism based on action.
There are really two kinds of optimism. There's the complacent, Pollyanna optimism that says "don't worry - everything will be just fine" and that allows one to just lay back and do nothing about the problems around you. Then there's what we call dynamic optimism. That's an optimism based on action.
Christian optimism is not a sugary optimism, nor is it a mere human confidence that everything will turn out all right. It is an optimism that sinks its roots into an awareness of our freedom, and the sure knowledge of the power of grace. It is an optimism that leads us to make demands on ourselves, to struggle to respond at every moment to God's call.
Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
To parents who despair because their children are unable to master the first problems in arithmetic I can dedicate my examples. For, in arithmetic, until the seventh grade I was last or nearly last.
Arithmetic is where the content lies, and not logic; but logic prompts certainty, and not arithmetic.
We've been trained to spend money since we were born with all these commercials with toys and G.I. Joes and Transformers. But there's so many things in the supermarket, there's so many things on television that automatically, when you turn it on, are saying, 'Buy! Buy! Buy! Buy! Buy! Buy! Buy!'
From Nike, we buy victory. From Under Armour, we buy protection. From Lululemon, we buy zen. From Patagonia, we buy conservation. From BMW, we buy performance.
There's probably a little greater case for pessimism than optimism. But I do not rule out optimism.
One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking.
Lucy, dear child, mind your arithmetic. You know in the first sum of yours I ever saw there was a mistake. You had carried two (as a cab is licensed to do), and you ought, dear Lucy, to have carried but one. Is this a trifle? What would life be without arithmetic, but a scene of horrors.
My real problem was certainly decisions I made, and the optimism that I had in making them. Y'know, I mean, I lived within this kind of nimbus of optimism, that, no matter what I encountered, I would always overcome it. Well, optimism can be your worst enemy as well as your best friend, but the other side of this is, that, y'know, expenses grow. But our incomes have not.
You can buy a man's time; you can buy his physical presence at a given place; you can even buy a measured number of his skilled muscular motions per hour. But you cannot buy enthusiasm... you cannot buy loyalty... you cannot buy the devotion of hearts, mind or souls. You must earn these.
In fact, Gentlemen, no geometry without arithmetic, no mechanics without geometry... you cannot count upon success, if your mind is not sufficiently exercised on the forms and demonstrations of geometry, on the theories and calculations of arithmetic ... In a word, the theory of proportions is for industrial teaching, what algebra is for the most elevated mathematical teaching.
We buy our way out of jail but we can't buy freedom, We buy a lot of clothes when we don't really need them, Things we buy to cover up what's inside.
Buy, buy, buy, buy! They want to grab you and trap you and turn you into little Elizabeth Hurleys.
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