Tuesday, May 5, 2015

Benjamin Graham - Biography and Contribution

Benjamin Graham (Birthday: May 8, 1894) was a British-born American stock market professional,  teacher of stock market investment theory and author of famous books on stock market investment.  Graham is considered the father of value investing, an investment approach he began teaching at Columbia Business School in 1928. His book with  David Dodd had several editions and explained Security Analysis of both equity and debt securities in detail. Graham's students went on to become successful investors. Graham's most well-known disciples include Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss, among others. Buffett credits Graham as grounding him with a sound intellectual investment framework and described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons Howard Graham Buffett and Thomas Graham Kahn after him.

Benjamin Graham was born Benjamin Grossbaum in London, England,to Jewish parents. He moved to New York City with his family when he was one year old. He graduated from Columbia University. He took a job on Wall Street and in due course started the Graham-Newman Partnership, an investment firm. He started teaching Security Analysis in the evenings in 1928.

His book, Security Analysis, with David Dodd, was published in 1934. He published "The Intelligent Investor"  in 1949. Both books had further revisions. Both are famous books and are essential reading for serious investors.   Warren Buffett describes The Intelligent Investor as "the best book about investing ever written." Graham's most famous student is Warren Buffett.

Interesting Articles About Graham's Investment Approach and Philosophy by Narayana Rao K.V.S.S.

1.  Fundamental Analysis – Graham–Rao Method

2. Graham-Rao Method

3. Fundamental Analysis -Topic 1 Graham Rao Method  - The article has links to Google Docs

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