You know, “The intelligent investor never forgets that stocks” are more than just ticker symbols on a screen. It’s the foundational mindset that separates the pros from the amateurs, the idea that you’re buying a real business, not just a piece of paper. This single shift in perspective is what builds lasting wealth.
Share Image Quote:Table of Contents
Meaning
At its heart, this quote is a call to shift your entire perspective from being a stock speculator to a business owner. It’s about seeing past the price volatility and understanding the underlying asset you’re buying a share of.
Explanation
Let me tell you, this is the one concept that changed everything for me. When you look at a stock, you can’t just see a line on a chart going up and down. You have to see the factory, the employees, the brand, the products on the shelves. You’re not betting on a number; you’re becoming a part-owner of that entire operation. That’s the difference between gambling and investing. It forces you to ask different questions: Is this a good business? Is it run by honest and capable people? Does it have a durable competitive advantage? When the market panics and the price drops, that ownership mindset is what gives you the steel to hold on, or even buy more, because you know the intrinsic value of the business hasn’t changed just because the quote did.
Quote Summary
| Context | Attributes |
|---|---|
| Original Language | English (3668) |
| Category | Wealth (107) |
| Topics | ownership (20), value (44) |
| Literary Style | didactic (370), direct (414) |
| Emotion / Mood | calm (491) |
| Overall Quote Score | 80 (256) |
Origin & Factcheck
This wisdom comes straight from Benjamin Graham’s 1949 masterpiece, “The Intelligent Investor,” which was originally published in the United States. It’s often, and rightly, considered the bible of value investing. You’ll sometimes see similar sentiments floating around, but this is the original, authoritative source.
Attribution Summary
| Context | Attributes |
|---|---|
| Author | Benjamin Graham (48) |
| Source Type | Book (4032) |
| Source/Book Name | The Intelligent Investor (48) |
| Origin Timeperiod | Modern (530) |
| Original Language | English (3668) |
| Authenticity | Verified (4032) |
Author Bio
Benjamin Graham, well known for investing community has brought investing to masses by focussing on analysis and risk control. After graduating from Columbia University, co-founded the Graham Newman Corporation. Benjamin Graham book list covers Security Analysis and The Intelligent Investor which shaped many generations of professionals. He is regarded as a mentor to Warren Buffett as his ideas form the basis of value investing.
Where is this quotation located?
| Quotation | The intelligent investor never forgets that stocks are not just numbers but pieces of a business |
| Book Details | Publication Year/Date: 1949; ISBN/Unique Identifier: 978-0060555665; Last edition: Revised Edition by Jason Zweig (2006), 640 pages. |
| Where is it? | Chapter 8, Approximate page 189 from 2006 edition |