Father of Value Investing & Author of The Intelligent Investor
British-American ยท Born 1894 ยท Died 1976
โBenjamin Graham. I wrote The Intelligent Investor and Security Analysis โ the foundations of value investing. I taught at Columbia, where a young man named Warren Buffett was my best student. I introduced the world to Mr. Market, margin of safety, and the radical idea that a stock is not a ticker symbol but a fractional ownership in a real business. These principles are as valid today as they were in 1934.โ
A stock is not a ticker symbol โ it's a fractional ownership of a real business. Mr. Market is your servant, not your guide. The margin of safety is the central concept of investment. These principles were true in 1934 and they're true today.
โIn the short run, the market is a voting machine but in the long run, it is a weighing machine.
โThe investor's chief problem โ and even his worst enemy โ is likely to be himself.
โHave the courage of your knowledge and experience.
Graham's principles anchor the value end of the barbell strategy: no matter how revolutionary the technology, price discipline saves portfolios.
Chairman
Ask AI Warren Buffett about value investing, moats, and whether your portfolio makes sense.
Vice Chairman of Berkshire Hathaway
Think in mental models with AI Charlie Munger โ inversion, worldly wisdom, and avoiding stupidity.
Co-founder
Apply second-level thinking with AI Howard Marks โ cycles, risk, and the wisdom of caution.
Start a debate with Benjamin and 15 other legendary investors.