Benjamin Graham (1973) The Intelligent Investor Chapter 20, "Margin of Safety": The Central Concept, p. 287.
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To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

— Benjamin Graham on Investment

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." in the context of "Benjamin Graham (1973) The Intelligent Investor Chapter 20, "Margin of Safety": The Central Concept, p. 287." to mean that wisdom is timeless.

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Benjamin Graham

About Benjamin Graham

Benjamin Graham (May 9, 1894 – September 21, 1976) was an influential economist and professional investor. Graham is considered the first proponent of Value Investing. Well known disciples (students and teaching assistants) of Graham include Warren Buffett, William J. Ruane, Irving Kahn, Walter Schloss, and Charles Brandes. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons, Howard Graham Buffett and Thomas Graham Kahn, after him.