What Will Benjamin Graham Say Today?
Many investors have read his book and become followers of his teaching. How many value investors are aware of what he said?
"I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities." - Benjamin Graham
You have to give Graham the greatest respect for his courage to admit it.
I've read this book:
ReplyDeleteBenjamin Graham on value investing – Janet Lowe
He did say that towards the end of his career. He was lamenting that the market is getting more efficient and it's harder and harder to use his methods to get value buys.