Benjamin Graham Growth Quotations

The intelligent investor gets interested in big growth stocks not when they are at their most popular - but when something goes wrong.

Obvious prospects for physical growth in a business do not translate into obvious profits for investors.

Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.

In nine companies out of ten the factor of fluctuation has been a more dominant and important consideration in the matter of investment than has the factor of long-term growth or decline

Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.