Benjamin Graham Quotes

Diversification is an established tenet of conservative investment.

Doing ventures is great - I'm talking economics now - if you've got a rising market. It's wonderful. If I hadn't got HKT, I would have been just as happy. Because there's a price for everything. And to overpay for something is awful.

I've been in real estate for my whole life, I've been trying to sharpshoot the market with my investments, I'm never right. All you need to do is get near the bottom. That's good enough.

Having the opportunity to follow the market frequently gives you the opportunity to see if you need to reevaluate your portfolio. But reevaluating your portfolio shouldn't trigger a sell signal so frequently.

The Interros strategy toward various assets generally depends on the stage of their development and level of their maturity.

I've been investing in the stock market for 27 years and, within that time, have helped investors beat the market nearly four to one.

We think that excellence in investing comes from focus.

The important thing in investing is to be true to your compass.

Successful investing is all about common sense.

Good investors have to choose how to allocate their mind share with the precious capital they have.

Most investors want to do today what they should have done yesterday.

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.

The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.

We know that by simply changing our allocation between stocks and bonds, we can lessen the amount of volatility in our portfolio until we reach our comfortable sleep level.

The most striking thing about Graham's discussion of how to allocate your assets between stocks and bonds is that he never mentions the word "age".

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

You have to keep your priorities straight if you plan to do well in stocks.

There is a close logical connection between the concept of a safety margin and the principle of diversification.

What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.

The most important key to successful investing can be summed up in just two words-asset allocation.

Never mingle your speculative and investment operations in the same account nor in any part of your thinking.

For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

Our balance sheet provides us with the ability to act on investment opportunities in appropriate areas that diversify and broaden our portfolio, including the gas and energy sector.

I like to invest in companies where I can really add value from my experience, network, etc., so checking out my portfolio of other investments, and my background, will generally give some guidance there.