Benjamin Graham
Thoughts

Benjamin Graham on Value Investing by Janet Lowe, 1994

“Investor do not make mistakes, or bad mistakes, in buying good stocks at fair prices,” Graham said. “They make their serious mistakes by buying poor stocks, particularly the ones that are pushed for various reasons. And sometimes- in fact  very frequently-they make mistakes by buying good stocks in the upper reaches of bull markets.” Please […]

Benjamin Graham
Thoughts

Benjamin Graham

“It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the applicable net current assets alone — after deducting all prior claims, and counting as zero the fixed and other assets — the results should be quite satisfactory.” Please […]

Investment Vs. Speculation
Blog

Investment Vs. Speculation

“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” — Ben Graham It occurs to me that the typical individual who buys and sells common stocks makes little or no distinction between the concepts of speculation versus investment. Instead they […]

Adam Smith
Article

Back to Basics I: Adam Smith

The idea of a higher standard for professionals is not new. So, let’s go back in history to learn from the wisdom of our predecessors. We will start in 1759 with Adam Smith, then on to 1949 and Benjamin Graham, and finally, if you will, to the investment philosophy that I have developed during my […]

Benjamin Graham
Thoughts

Benjamin Graham

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on it’s share price Please follow and like us:0

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