Wall Street people learn nothing and forget everything.
Meaning of the quote
The quote suggests that people working in Wall Street, the financial district in New York City, often fail to learn from their experiences and quickly forget what they have learned. In other words, they do not seem to improve or gain wisdom from their work, even after making mistakes or being successful. This implies that they may be more focused on making money than on truly understanding the financial markets and making well-informed decisions.
About Benjamin Graham
Benjamin Graham, known as the “father of value investing,” was a British-American financial analyst and professor who wrote two influential books on investing. He taught at Columbia University and the University of California, Los Angeles, and had many successful investors as his students, including Warren Buffett.
More quotes from Benjamin Graham
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble… to give way to hope, fear and greed.
American economist and investor (1894-1976)
Wall Street people learn nothing and forget everything.
American economist and investor (1894-1976)