Benjamin Graham on Investing: Enduring Lessons from the Father of Value Investing

"They laid out a road map forinvesting that I have now beenfollowing for 57 years. There's beenno reason to look for another." Warren Buffett, on thewritings of Benjamin GrahamLegendary investing author and philosopherBenjamin Graham lived throughinteresting times. Soon after his graduationfrom Columbia College, the nation enteredthe First World War. As the stock market fluctuatedin wild dips and peaks, the governmentseized control of the railroad industry, inflationand interest rates rose dramatically, andeconomic depression loomed on the horizon.During these eventsand perhaps inspiredby themGraham began writing articles forThe Magazine of Wall Street, putting to paperhis earliest ideas on value investing and securityanalysis.For the first time, these important workshave been anthologized into a single volume.Benjamin Graham on Investingis a treasure troveof rare and out-of-print articles that documentthe early flashes of genius from a manwhose ideas and theories would revolutionizeinvestment philosophy and inspire the careersof such luminaries as Warren Buffett, SethKlarman, Charlie Munger, and countless othertop-tier investors.The early works of Benjamin Graham havenever been as relevant as they are today.The world's markets are undergoing changeon a scale not unlike that of Graham's era.David Darst, one of the world's most respectedexperts on asset allocation, provides insightfulanalyses connecting Graham's articles toevents today.,i>Benjamin Graham on Investingis a timelessclassic that continues to have relevance morethan 30 years after the author's death.

Benjamin Graham was the author of many influential investment books, including the classic, Security Analysis, now in its sixth edition. The first proponent of the value school of investing and founder and former president of the Graham-Newman corporation investment fund, Graham taught at Columbia University's Graduate School of Business from 1927 through 1957.
.Rodney G. Klein is a Wall Street historian and former student of Benjamin Graham at UCLA. He founded the Klein Stock Market Museum And Library in Massillon, Ohio.
.David M. Darst, CFA, is a managing director of Morgan Stanley. He serves as Chairman of the Asset Allocation Committee and Chief Investment Strategist of the Global Wealth Management Group. Darst was the founding president of the Morgan Stanley Investment Group.

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