Benjamin Graham on Investing: Enduring Lessons from the Father of Value Investing
- ISBN13: 9780071621427
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
“They laid out a road map for investing that I have now been following for 57 years. There’s been no reason to look for another.”
—Warren Buffett, on the writings of Benjamin Graham
Legendary investing author and philosopher Benjamin Graham lived through interesting times. Soon after his graduation from Columbia College, the nation entered the First World War. As the stock market fluctuated in wild dips and peaks, the government seized control of the railroad industry, inflation and interest rates rose dramatically, and economic depression loomed on the horizon.
During these events—and perhaps inspired by them—Graham began writing articles for The Magazine of Wall Street, putting to paper his earliest ideas on value investing and security analysis.
For the first time, these important works have been anthologized into a single volume. Benjamin Graham on Investing is a treasure trove of rare and out-of-print articles that document the early flashes of genius from a man whose ideas and theories would revolutionize investment philosophy and inspire the careers of such luminaries as Warren Buffett, Seth Klarman, Charlie Munger, and countless other top-tier investors.
The early works of Benjamin Graham have never been as relevant as they are today. The world’s markets are undergoing changeon a scale not unlike that of Graham’s era. David Darst, one of the world’s most respected experts on asset allocation, provides insightful analyses connecting Graham’s articles to events today.
,i>Benjamin Graham on Investing is a timeless classic that continues to have relevance more than 30 years after the author’s death.
Benjamin Graham on Investing: Enduring Lessons from the Father of Value Investing
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Comments on Benjamin Graham on Investing: Enduring Lessons from the Father of Value Investing
Graham is the value investing ideology the Warren Buffet follows. Buffet worked for Graham for a couple of years. “If you buy shares in a company you are an owner so only buy shares of a company you want to own”.
One problem with articles is they are topical at the time but the companies referenced are no longer in business in most cases. So no hot stock tips (and of course the basis of value investing is there is no such thing as a stock tip).
What is interesting is to see the methods he uses. Most of it is common sense. But then again, common sense is not that common.
He placed a high emphasis on the balance sheet and the numbers. Although he does not ignore the fundamentals of what the business does, he does not spend as much time as I do in trying to vision the future. The other factor that seemed weak was the attention to management and entrepreneurial creativity within the companies he analysed.
It was interesting to see that Graham owned majority control of Geico at one point and now Buffet owns it.
If you are going to be an investor, it seems to me following Grahams’ ideology is a good idea. Think like an owner – not a speculator.
Rating: 4 / 5
Couple of good articles from young Graham, but mostly redundant.
I like to collect financial history and would count this as a collectable piece… but do not expect more than that.
Rating: 3 / 5