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“They laid out a road map for
investing that I have now been
following for 57 years. There’s been
no reason to look for another.”
—Warren Buffett, on the
writings of Benjamin Graham
Legendary investing author and philosopher
Benjamin Graham lived through
interesting times. Soon after his graduation
from Columbia College, the nation entered
the First World War. As the stock market fluctuated
in wild dips and peaks, the government
seized control of the railroad industry, inflation
and interest rates rose dramatically, and
economic depression loomed on the horizon.
During these events—and perhaps inspired
by them—Graham began writing articles for
The Magazine of Wall Street, putting to paper
his earliest ideas on value investing and security
For the first time, these important works
have been anthologized into a single volume.
Benjamin Graham on Investing is a treasure trove
of rare and out-of-print articles that document
the early flashes of genius from a man
whose ideas and theories would revolutionize
investment philosophy and inspire the careers
of such luminaries as Warren Buffett, Seth
Klarman, Charlie Munger, and countless other
The early works of Benjamin Graham have
never been as relevant as they are today.
The world’s markets are undergoing changeon a scale not unlike that of Graham’s era.
David Darst, one of the world’s most respected
experts on asset allocation, provides insightful
analyses connecting Graham’s articles to
Benjamin Graham on Investing is a timeless
classic that continues to have relevance more
than 30 years after the author’s death.