A Quote by Benjamin Graham

The investor's chief problem - and even his worst enemy - is likely to be himself.

Benjamin Graham

Quote Topics

Chief Enemy Even Himself His Investor Likely Problem Worst Worst Enemy

Quote Author

Benjamin Graham
American - Economist
May 8, 1894 - September 21, 1976

How much reverence has a noble man for his enemies!--and such reverence is a bridge to love.--For he desires his enemy for himself, as his mark of distinction; he can endure no other enemy than one in whom there is nothing to despise and very much to honor! In contrast to this, picture "the enemy" as the man of ressentiment conceives him--and here precisely is his deed, his creation: he has conceived "the evil enemy," "the Evil One," and this in fact is his basic concept, from which he then evolves, as an afterthought and pendant, a "good one"--himself!

Friedrich Nietzsche

The business of the English commander-in-chief being first to bring an enemy fleet to battle on the most advantageous terms to himself, (I mean that of laying his ships close on board the enemy, as expeditiously as possible); and secondly to continue them there until the business is decided.

Horatio Nelson

Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us.

John C. Bogle

I would not give my first 15 years to my worst enemy, and I don't even have a worst enemy.

Gary Coleman

The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right questions, he is likely to get the right or at least valuable answers.

Benjamin Graham

The enemy of the black is not the white. The enemy of capitalist is not communist, the enemy of homosexual is not heterosexual, the enemy of Jew is not Arab, the enemy of youth is not the old, the enemy of hip is not redneck, the enemy of Chicano is not gringo and the enemy of women is not men. We all have the same enemy. The enemy is the tyranny of the dull mind. The enemy is every expert who practices technocratic manipulation, the enemy is every proponent of standardization and the enemy is every victim who is so dull and lazy and weak as to allow himself to be manipulated and standardized.

Tom Robbins

Let the poor man count as his enemy, and his worst enemy, every invader of the right of free discussion.

Gerrit Smith

No man could bring himself to reveal his true character, and, above all, his true limitations as a citizen and a Christian, his true meannesses, his true imbecilities, to his friends, or even to his wife. Honest autobiography is therefore a contradiction in terms: the moment a man considers himself, even in petto, he tries to gild and fresco himself. Thus a man's wife, however realistic her view of him, always flatters him in the end, for the worst she sees in him is appreciably better, by the time she sees it, than what is actually there.

H. L. Mencken

The investor has the benefit of the stock market's daily and changing appraisal of his holdings, 'for whatever that appraisal may be worth', and, second, that the investor is able to increase or decrease his investment at the market's daily figure - 'if he chooses'. Thus the existence of a quoted market gives the investor certain options which he does not have if his security is unquoted. But it does not impose the current quotation on an investor who prefers to take his idea of value from some other source.

Benjamin Graham

If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?

Warren Buffett

A man who becomes used to deluding himself, who fails to face his own faults with revolutionary honesty and even lies to himself, is the most likely to become a traitor, since lying is the beginning of treachery.

Ashraf Dehghani

Thus, if a composer wants to produce music that is relevant to his contemporaries, his chief problem is not really musical, though it may seem to him to be so; it is a problem of attitude to contemporary society and culture in relation to the basic human problem of learning to be human.

John Blacking

We should be slower to think that the man at his worst is the real man, and certain that the better we are ourselves the less likely is he to be at his worst in our company. Every time he talks away his own character before us he is signifying contempt for ours.

James M. Barrie

He that would make his own liberty secure, must guard even his enemy from oppression; for if he violates this duty, he establishes a precedent that will reach to himself.