Paul Ngen

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Benjamin Graham
“On the other hand, investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only by the rules that put the odds squarely in your favor.”
Benjamin Graham, The Intelligent Investor

Benjamin Graham
“you must thoroughly analyze a company, and the soundness of its underlying businesses, before you buy its stock; you must deliberately protect yourself against serious losses; you must aspire to “adequate,” not extraordinary, performance.”
Benjamin Graham, The Intelligent Investor

Benjamin Graham
“Buy cheap and sell dear.”
Benjamin Graham, The Intelligent Investor

Benjamin Graham
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham, The Intelligent Investor

Benjamin Graham
“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.”
Benjamin Graham, The Intelligent Investor

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