Who was Benjamin Graham, and why should you listen to him? Graham was not only one of the best investors who ever lived; he was also the greatest practical investment thinker of all time. Before Graham, money managers behaved much like a medieval guild, guided largely by superstition, guesswork, and arcane rituals. Graham’s Security Analysis was the textbook that transformed this musty circle into a modern profession. 1

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Who was Benjamin Graham, and why should you listen to him? Graham was not only one of the best investors who ever lived; he was also the greatest practical investment thinker of all time. Before Graham, money managers behaved much like a medieval guild, guided largely by superstition, guesswork, and arcane rituals. Graham’s Security Analysis was the textbook that transformed this musty circle into a modern profession. 1



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