Quote

To establish the right price for a stock, the market must have adequate information, but it by no means follows that is the market has this information it will thereupon establish the right price.

Benjamin Graham

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Benjamin Graham
Age: 82 †
Born: 1894
Born: May 8
Died: 1976
Died: September 21
Economist
Financier
Investor
University Teacher
Writer
London
England
Stock
Price
Market
Information
Means
Thereupon
Right
Adequate
Must
Establish
Mean
Follows

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It is absurd to think that the general public can ever make money out of market forecasts.
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The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
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We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initially test out his judgment on price versus value with the smallest possible sums.
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