The Economic Times News

Quote of the day by Benjamin Graham: On the other hand, investing is a unique kind of casino

Benjamin Graham, the father of value investing, likened investing to a casino where rules ensure you don't lose in the end. He stressed that emotional decisions, like a gambler's, lead to poor outcomes. Graham's philosophy emphasizes independent thinking, detachment, and a margin of safety, ensuring long-term success by focusing on business value, not just price.