Benjamin Graham Profit Quotations

you may take it as an axiom that you cannot profit in Wall Street by continuously doing the obvious or the popular thing

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

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.