Great Pages: Ben Graham’s “Mental Weapons”

Can a single page of a book change your investment life? We believe it can. Periodically, we highlight some of the Great Pages that have had a great impact on our investment philosophy. Today, we look at p. 34 from Benjamin Graham’s “The Intelligent Investor” (2005 edition), in which Graham talks about the mindset needed to distinguish oneself from the crowd in investing.

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Munger On Buffett, Temperament, And Why He’s Better Than Ben Graham

Charlie Munger isn’t nearly as high-profile as his Berkshire Hathaway partner Warren Buffett, but The Wall Street Journal’s Jason Zweig recently caught up with him for a fascinating interview in which Munger talked about everything from Socrates and Confucius to derivatives and accounting practices to why he doesn’t love Benjamin Graham the way Buffett does. Continue reading

Warren Pieces: How To Deal With Mr. Market

A periodic look through the archives of the greatest investor in history

In Berkshire Hathaway’s 1987 Letter to Shareholders, Warren Buffett talked about what he learned from the great Benjamin Graham regarding stock price movements. Below is an excerpt from the letter.

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Validea’s Warren Buffett-inspired portfolio is up 109.7% since its late-2003 inception vs. 84.2% for the S&P 500. Check out its holdings here.

The Graham Strategy: An Oldie, But A Very, Very Goodie

Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged annual returns of 15.6% since its July 2003 inception vs. 5.9% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring stock ideas from the Graham-based investment strategy.  Continue reading