Title: Benjamin Graham
Headings: Benjamin Graham
Benjamin Graham
Who is Benjamin Graham
Breaking Down Benjamin Graham
Benjamin Graham and Value Investing
Benjamin Graham's The Intelligent Investor

Content: Mr. Market is often irrational and shows up at the investor’s door with different prices on different days depending on how optimistic or pessimistic his mood is. Of course, the investor is not obligated to accept any buy or sell offers. Graham points out that instead of relying on daily market sentiments which are run by investor’s emotions of greed and fear, the investor should run his own analysis of a stock’s worth based on company’s reports of its operations and financial position. This analysis should strengthen the judgment of the investor when s/he’s made an offer by Mr. Market. According to Graham, the intelligent investor is one who sells to optimists and buys from pessimists. The investor should look out for opportunities to buy low and sell high due to price-value discrepancies that arise from economic depressions, market crashes, one-time events, temporary negative publicity, and human errors. If no such opportunity is present, the investor should ignore the market noise . While echoing the fundamentals introduced in Security Analysis, The Intelligent Investor also provides key lessons to readers and investors by advising investors to not follow the herd or crowd, to hold a portfolio of 50% stocks and 50% bonds or cash, to be wary of day trading, to take advantage of market fluctuations, to not buy stocks simply because it is liked, to understand that market volatility is a given and can be used to an investor’s advantage, and to look out for creative accounting techniques that companies use to make their EPS value more attractive. One notable disciple of Benjamin Graham is Warren Buffett, who was one of his students at Columbia University. After graduation, Buffett worked for Graham’s company, Graham-Newman Corporation, until Graham retired.