The Enduring Wisdom of Value Investing
Benjamin Graham's principles remain remarkably relevant decades after publication. His concept of margin of safety—purchasing securities substantially below calculated intrinsic value—provides protection against analytical errors and unforeseen circumstances. Graham taught investors to view stocks as fractional business ownership rather than mere ticker symbols, fundamentally changing how generations approach equity analysis. Modern practitioners including Warren Buffett attribute their success to Graham's disciplined, emotionally detached approach. Understanding these timeless principles equips investors to navigate volatile markets with rational frameworks rather than reactive emotional responses that destroy wealth.
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