ATHENA CAPITAL MANAGEMENT
Investment Management for Individuals, Families and Institutions
Athena Capital provides investment advisory services following the time-tested principles of investing masters
Benjamin Graham, The Intelligent Investor:
"Investment is most intelligent when it is most
"...every corporate security may best be viewed...as an owenership in...a specific business enterprise."
"Do not enter upon an operation...unless a reliable calculation shows that it has a fair chance to yield a reasonable profit."
"Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it...."
"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
"To achieve satisfactory investment results is easier than most people realize; to acheive
superior results is harder than it looks."
"Be fearful when others are greedy and greedy when others are fearful."
"You pay a very high price in the stock market for a cheery consensus."
"The investor of today does not profit from yesterday's growth."
"Risk comes from not knowing what you're doing."
"If a business does well, the stock eventually follows."