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Benjamin Graham's Best investments

Overview

Known as the father of value investing and Warren Buffett's teacher.

Style

Margin of safety, net-net stocks, investor psychology

Firm

Graham-Newman Partnership

Period

1894-1976

Benjamin Graham

Best investments

Notable wins and the lessons behind them.

Study success as a process

Benjamin Graham's successful investments are often remembered for large outcomes, but beginners should focus on the process: what was observed, what was waited for, how risk was controlled, and why conviction could be maintained.

Identify the initial condition that created the edge.

Separate luck from skill.

Ask whether the lesson still applies in the current market.