The Wisest Financial Sayings of All Time »

“Rule number one: Don’t lose money. Rule number two: Don’t forget rule number one.” - Benjamin Graham
(Znote: It is interesting to note that this quote is widely, and incorrectly, attributed to Warren Buffett. This is a classic case study how misinformation or delusion can fly like a virus all over the world. When you become the world’s richest man, a lot of smart says get attributed to you. Warren Buffett himself repeatedly said that this is not Buffett but Graham. Yet the world is not listening. In this case, Warren Buffett essentially re-phrased a saying by Benjamin Graham which was used to dramatize the essence of the net-net-cash investment approach.)