Benjamin Graham

Benjamin Graham on Value Investing by Janet Lowe, 1994

“Investor do not make mistakes, or bad mistakes, in buying good stocks at fair prices,” Graham said. “They make their serious mistakes by buying poor stocks, particularly the ones that are pushed for various reasons. And sometimes- in fact  very frequently-they make mistakes by buying good stocks in the upper reaches of bull markets.” Please […]

Investment Vs. Speculation

Investment Vs. Speculation

“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” — Ben Graham It occurs to me that the typical individual who buys and sells common stocks makes little or no distinction between the concepts of speculation versus investment. Instead they […]