“Investment is most intelligent when it is most businesslike.”
Source: The Intelligent Investor (1973) (Fourth Revised Edition), Chapter 20, "Margin of Safety": The Central Concept, p. 286
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Benjamin Graham 64
American investor 1894–1976Related quotes
“A great deal of intelligence can be invested in ignorance when the need for illusion is deep.”
Compare: It’s a point so blindingly obvious that only an extraordinarily clever and sophisticated person could fail to grasp it.
John Bercow, 2016.
General sources
Variant: There is no limit to the amount of intelligence invested in ignorance when the need for illusion runs deep.
Source: To Jerusalem and Back: A Personal Account (1976), p. 127
“The most valuable of all capital is that invested in human beings;”
Source: Principles of Economics, (1890), p. 468 (9th ed. 2009).
Context: If we compare one country of the civilized world with another, or one part of England with another, or one trade in England with another, we find that the degradation of the working-classes varies almost uniformly with the amount of rough work done by women. The most valuable of all capital is that invested in human beings; and of that capital the most precious part is the result of the care and influence of the mother, so long as she retains her tender and unselfish instincts, and has not been hardened by the strain and stress of unfeminine work.
“Time has a way of demonstrating
The most stubborn are the most intelligent.”
A Career http://books.google.com/books?id=qFSwAAAAIAAJ&q=%22Time+has+a+way+of+demonstrating+The+most+stubborn+are+the+most+intelligent%22&pg=PA63#v=onepage
Source: Nearing Home: Life, Faith, and Finishing Well
“What fools call “wasting time” is most often the best investment.”
Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 24
The earliest known appearance of this basic statement is a paraphrase of Darwin in the writings of Leon C. Megginson, a management sociologist at Louisiana State University. [[Megginson, Leon C., Lessons from Europe for American Business, Southwestern Social Science Quarterly, 1963, 44(1), 3-13, p. 4]] Megginson's paraphrase (with slight variations) was later turned into a quotation. See the summary of Nicholas Matzke's findings in "One thing Darwin didn't say: the source for a misquotation" http://www.darwinproject.ac.uk/one-thing-darwin-didnt-say at the Darwin Correspondence Project. The statement is incorrectly attributed, without any source, to Clarence Darrow in Improving the Quality of Life for the Black Elderly: Challenges and Opportunities : Hearing before the Select Committee on Aging, House of Representatives, One Hundredth Congress, first session, September 25, 1987 (1988).
Misattributed
As quoted in Improving the Quality of Life for the Black Elderly: Challenges and Opportunities : Hearing before the Select Committee on Aging, House of Representatives, One Hundredth Congress, first session, September 25, 1987 (1988)
This quote's earliest known source is from Leon C. Megginson (see Charles Darwin)
Misattributed
