Benjamin Graham
Benjamin Graham (1894–1976) was a British-born American economist, investor, and professor widely regarded as the father of value investing. He taught at Columbia Business School, where he mentored Warren Buffett and other legendary investors. Graham’s most influential works include Security Analysis (co-authored with David Dodd) and The Intelligent Investor, both of which emphasize long-term investing, intrinsic value, and disciplined financial analysis. His principles of margin of safety and rational investing have become cornerstones of modern investment strategy. Graham’s work bridges academic theory and practical application, helping countless investors make informed decisions based on sound financial fundamentals.
First published in 1949, The Intelligent Investor by Benjamin Graham is a foundational text on value investing and long-term financial strategy. Graham, known as the father of value investing, teaches readers how to analyze stocks with a focus on intrinsic value, margin of safety, and disciplined decision-making. The book distinguishes between “investing” and “speculating,” urging caution, patience, and rational thinking. With commentary by Jason Zweig in modern editions, the book remains a timeless guide for both novice and experienced investors. Its core message—that emotional control and sound principles are key to investment success—has influenced generations, including Warren Buffett.
In 'Security Analysis,' Benjamin Graham revolutionized the world of investment by introducing the concept of value investing, emphasizing the importance of thorough research and analysis before making investment decisions. Graham's timeless wisdom on intrinsic value, margin of safety, and market fluctuations continues to influence investors worldwide. The book provides a comprehensive guide to understanding financial statements, evaluating stocks, and building a successful investment strategy. With real-life examples and practical advice, 'Security Analysis' equips readers with the tools to navigate the complexities of the stock market and make informed choices. A must-read for both novice and seasoned investors.