Confronted with a challenge to distill the secret Meaning Factcheck Usage

Verified Quote

Confronted with a challenge to distill the secret of sound investing into three words, we venture the motto, margin of safety - Benjamin Graham
It's simple, really. Never pay full price. Always insist on a discount so large that it protects you from things going wrong.

Quotes about Verified principles

The true investor scarcely ever is forced to sell his shares, and at all other times he is free to disregard the current price quotation - Benjamin Graham
The core message is about operational freedom. A true investor structures their finances so that they are never a forced seller, allowing them to treat market price swings as meaningless background noise.
You are neither right nor wrong because the Meaning Factcheck Usage

Verified Quote

You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right - Benjamin Graham
It's a simple but brutal truth: Popular opinion is a terrible barometer for truth. Your validation has to come from the quality of your own work, not the volume of the applause, or the boos.
The individual investor should act consistently as an Meaning Factcheck Usage

Wise advice on Verified

The individual investor should act consistently as an investor and not as a speculator - Benjamin Graham
At its core, this is about adopting the mindset of a business owner, not a gambler. It's the fundamental difference between building long-term wealth and chasing short-term gains.