Although Warren learned as much or more from Benjamin Graham than anyone else and called Ben Graham’s books the best peices of literature ever written about investment, they differeed in philosophy slightly. The fundimental difference between Warren Buffett and Ben Graham is based on the questions “What stocks to buy and What price?”. Although...
I take many of the investing principals from those who were successful before me. 1)Ben Graham 2)Warren Buffett 3)Charlie Munger and many others. Interestingly enough, one such influence was Bill Chen and Chris Ferguson, which are both a mathematical poker player that introduced me to the concept of “game theory”. In poker, the idea...
Buffett started out learning under Benjamin graham, and bought what are known as “net-nets” These were stocks that if you bought and paid cash for to own the whole company, you could use a companies current assets to pay off the current liabilities, and own the rest of the company for free, or you...
Technical analysis according to Ben Graham was merely a bias when not looking at enough data. If buying stocks was buying a business, then the only technical analysis that he would find useful would be one that allows you to buy it at a lower price. Well, buying at support levels may have that...
In various instances throughout history there are examples of the student stumping the teacher. When it comes to value investing no better example is out there but the student of Benjamin Graham, Warren Buffett. Benjamin Graham was one of the greatest investors of his time, and he taught everything he knew to Warren Buffett....
Trying to find stocks to buy is no easy feat, just ask anyone who lost big time as the market tanked. Investors were told that General Electric and Bear Sterns, Fannie Mae and others were “Blue Chip” companies. In other words, they were told that these were companies that were dependable. Unfortunately, after certain...
“Vintage Buffett” is not the same as “Modern Buffett” We covered that in the last post. In this post we will go into a “vintage/modern Buffett Hybrid”. Munger pointed out that even if a company was fairly valued at it’s book value or even slightly overvalued, if it grew for 10 years straight the...
There were a few major investments that Warren Buffet bought last year through Birkshire Hathaway. BNI was his biggest purchase as he bought 4.7 billion Kraft he bought 4.2 billion Wells Fargo he bought 3.0 billion JNJ 2.7 Billion sanofi-aventis on the France exchange he bought 1.5 billion US bankcorp he bough 1.5 Billion...
Graham was Warren Buffett’s mentor. He taught Warren some great things. It wasn’t until Warren met Charles Munger that he started to evolve. He invested successfully for something like 20 years before then using the concept of buying “net-nets”. There is more details about this in an interview with Whitney Tilson about Charlie Munger....
Recent Comments