American financial analyst, investor, and professor (1894–1976)
For other people with the same name, see Ben Graham (disambiguation).
Benjamin Graham
Graham reading an edition of Moody's Manual, 1950
Born
Benjamin Grossbaum
(1894-05-09)May 9, 1894
London, England, UK
Died
September 21, 1976(1976-09-21) (aged 82)
Aix-en-Provence, France
Nationality
American
Education
Columbia University (BA)
Academic career
Institution
Columbia University University of California, Los Angeles
Contributions
Security Analysis (1934) The Intelligent Investor (1949) Benjamin Graham formula
Benjamin Graham (/ɡræm/; né Grossbaum; May 9, 1894 – September 21, 1976)[1][2] was a British-born American financial analyst, investor and professor. He is widely known as the "father of value investing",[3] and wrote two of the discipline's founding texts: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed independent thinking, emotional detachment, and careful security analysis, emphasizing the importance of distinguishing the price of a stock from the value of its underlying business.
After graduating from Columbia University at age 20, Graham started his career on Wall Street, eventually founding Graham–Newman Corp., a successful mutual fund. He also taught investing for many years at Columbia Business School, where one of his students was Warren Buffett. Graham later taught at UCLA Anderson School of Management at the University of California, Los Angeles.
Graham laid the groundwork for value investing at mutual funds, hedge funds, diversified holding companies, and other investment vehicles. He was the driving force behind the establishment of the profession of security analysis and the Chartered Financial Analyst designation.[4] He also advocated the creation of index funds decades before they were introduced.[5] Throughout his career, Graham had many notable disciples who went on to earn substantial success as investors, including Irving Kahn and Warren Buffett, who described Graham as the second most influential person in his life after his own father.[6] Among other well-known investors influenced by Graham were Charles D. Ellis, Mario Gabelli, Seth Klarman, Howard Marks, John Neff and Sir John Templeton.[7]
^Cray, Douglas W. (September 23, 1976). "Benjamin Graham, Securities Expert". The New York Times. Archived from the original on August 21, 2021. Retrieved August 21, 2021.
^Graham, Benjamin (1996). Benjamin Graham, the Memoirs of the Dean of Wall Street. McGraw-Hill. p. 1. ISBN 9780070242692. Archived from the original on April 1, 2024. Retrieved August 21, 2021. Remembered or not, I was born on May 9, 1894, at 87 Aberdeen Road in London, England, and my original name was Benjamin Grossbaum.
^"8 Brilliant Lessons From The Investor That Taught Warren Buffett Everything He Knows". Business Insider. Archived from the original on 2017-02-21. Retrieved 2017-02-21.
^Jason Zweig and Rodney N. Sullivan, "Benjamin Graham: Building a Profession: Classic Writings of the Father of Security Analysis," 2010, pages 1-7, 9.
^"Another Note on Benjamin Graham and Index Funds". 6 April 2015. Archived from the original on 23 December 2023. Retrieved 23 December 2023.
^Warren Buffett, "Preface to the Fourth Edition", in Benjamin Graham, "The Intelligent Investor", 4 ed., 2003.
^Berryessa, Norman; Kirzner, Eric (1988-12-22). Global Investing: The Templeton Way. McGraw-Hill Education. p. 125. ISBN 978-1556238734.
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investment philosophy around the concept of value investing pioneered by BenjaminGraham. He attended New York Institute of Finance to focus on his economics...
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prices below their worth. Warren Buffett and BenjaminGraham are notable examples of value investors. Graham and Dodd's seminal work, Security Analysis...
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investment fund, Cundill Value Fund. Cundill was a follower of the BenjaminGraham investment style. Peter Cundill was born in Montreal, Quebec in October...
regular investment. The term was first coined by BenjaminGraham in his book The Intelligent Investor. Graham writes that dollar cost averaging "means simply...
Analyst designation is available for professional financial analysts. BenjaminGraham and David Dodd first published their influential book "Security Analysis"...
and colleague of BenjaminGraham at Columbia Business School. The Wall Street Crash of 1929 (Black Tuesday) almost wiped out Graham, who had started teaching...
He has said more than once that his investment style is built upon BenjaminGraham and David Dodd’s 1934 book Security Analysis: "All my stock picking...
75% stake of GEICO to a coalition of investors, which was led by BenjaminGraham'sGraham-Newman Partnership taking 50% (worth $712,000 at the time); this...
he founded in 1982. He closely follows the investment philosophy of BenjaminGraham and is known for buying unpopular assets while they are undervalued...
was the oldest living active investor. He was an early disciple of BenjaminGraham, who popularized the value investing methodology. Kahn began his career...
charterholder and was a student of the "father of value investing", BenjaminGraham. In 1939, Templeton, during the Depression of the 1930s, had his broker...
Buffett, Jack Bogle, Burton Malkiel, John Templeton, Peter Lynch, and BenjaminGraham since, in the long run, there is a high correlation between the stock...
earnings growth and sufficient profitability to fund future expansion. BenjaminGraham and David Dodd wrote in Securities Analysis (1934): "The prime purpose...
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