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Securities in an insecure world - a lecture by Ben Graham

Guest hellsten

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Thank you very much for posting! :)




“As time goes on I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.” - John Maynard Keynes

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It is always refreshing to read Graham.  Out of interest and based on his rough formula for the market value, at 1550, the market is only 15-25% above median value.  Not that excessive.  Or stated another way, very cheap market only a year or so ago.




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