Chapter 16, Convertible Issues and Warrants, p. 225
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Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.
— Benjamin Graham
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed." in the context of "Chapter 16, Convertible Issues and Warrants, p. 225" to mean that wisdom is timeless.
Source: Wikiquote: "Benjamin Graham" (Quotes, The Intelligent Investor (1973) (Fourth Revised Edition))
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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.
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.
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