Quote of the day by Benjamin Graham: "But investing isn't about beating others at their game. It's about…" - the timeless wisdom of the man who taught Warren Buffett
Benjamin Graham (Image: Wikipedia) Quote of the day by Benjamin Graham "But investing isn't about beating others at their game. It's about controlling yourself at
Benjamin Graham (Image: Wikipedia) Quote of the day by Benjamin Graham "But investing isn't about beating others at their game. It's about controlling yourself at your own game." Benjamin Graham: The man who taught Warren Buffett A game you play against yourself Why it reaches beyond money How to play your own game Decide your plan when you are calm, then stick to it. Make your big choices in a clear moment, not in the heat of excitement or fear. A plan made in advance protects you from your own moods later. Stop measuring yourself against everyone else. Someone will always seem to be doing better. Judge your progress by your own goals, not by the highlight reels of others. Slow down before any big decision. Most costly mistakes are made in a rush of emotion. A short pause, a night's sleep, often saves you from a choice you would regret. Accept that you cannot win every round. Trying to never lose leads to reckless behaviour. Focus instead on avoiding the big, damaging mistakes, and let the small ones go. Other famous quotes by Benjamin Graham "In the short run, the market is a voting machine, but in the long run it is a weighing machine." "The investor's chief problem, and even his worst enemy, is likely to be himself." "The intelligent investor is a realist who sells to optimists and buys from pessimists." "Buy not on optimism, but on arithmetic." "People who invest make money for themselves; people who speculate make money for their brokers." Winning by not losing your head Most of us imagine that winning at money means outsmarting everyone else.
Spotting the hot stock first. Timing the market better than the crowd. Being cleverer than the next person. Benjamin Graham, one of the wisest minds in the history of investing, gently turns that idea on its head. The real contest, he says, is not with other people at all. It is with yourself. Your fear, your greed, your urge to follow the herd. Master those, and you have already won most of the battle. It is a quiet, humbling thought, and it reaches far beyond the world of money.Benjamin Graham, born in 1894, is widely known as the father of value investing. He was a professor at Columbia Business School and the author of two hugely influential books, Security Analysis and The Intelligent Investor, the second of which is still recommended to beginners and experts alike.His most famous student was a young man named Warren Buffett, who would go on to become one of the richest investors in the world. Buffett has called The Intelligent Investor the best book on investing ever written, and credits Graham's thinking as the foundation of his own success.Graham learned his lessons the hard way, having been badly burned in the great market crash of 1929. That painful experience shaped his lifelong belief that protecting yourself matters more than chasing dazzling gains.The heart of the quote is the idea that investing is mostly a test of temperament, not intelligence.
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