Ben Graham: Low Quality, Favorable Business Conditions

"The risk of paying too high a price for good-quality stocks - while a real one - is not the chief hazard confronting the average buyer of securities. Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions. The purchasers view the current good earnings as equivalent to 'earning power' and assume that prosperity is synonymous with safety." - Benjamin Graham
Share on :
Ben Graham: Low Quality, Favorable Business Conditions
Ben Graham: Low Quality, Favorable Business Conditions
Reviewed by jembe
Published :
Rating : 4.5