Benjamin Graham Biografy

Benjamin Graham biodata:
Born in 8 May, 1894
Passed: 21 September 1976 (age 82 years)
Academic: Columbia School of Business
Final Employment: Finance Investment
Last Education: Columbia University

Best college students of Benjamin Graham:

1.  Jean-Marie Eveillard, 
2. Warren Buffett, 
3. William J. Ruane,
4.  Irving Kahn, 
5. Hani M. Anklis,
6.  Walter J. Schloss

 Share in writing books:

1. Security Analysis (1934) 
2.  The Intelligent Investor (1949).

Benjamin Graham (May 8, 1894 - September 21, 1976) has been considered as an American economist and expert investor.Benjamin Graham regarded the first promoters of the theory of investment value or Value Investment, which also is the theory of current investment approach he started give college lesson at Columbia Business School in 1928 and the theory of investment value is then enchanced by David Dodd through various editions of Benjamin Graham famous book called Security Analysis. Warren Buffett, who was a college student of Benjamin Graham's most loved because of his intelligent.Warren Buffett views Benjamin Graham as the second most important people in his life after his own dady considering Benjamin Graham had a very distinct istruction about Warren Buffet investment system.

Benjamin Graham Life Story
Benjamin Graham is the child of Benjamin Grossbaum. Benjamin Graham was born in London. Benjamin Graham migrated to New York City with his parent, while Benjamin Graham was one year old. After the passing away of his father and dealt with the embarrasment of low income, Benjamin Graham became a very fantastic student, graduating from Columbia, and got the honour for best scholar in class at the age of 20 years. Benjamin Graham had worked as a teacher in English, Math, and Philosophy, and the last he worked on Wall Street and established Graham-Newman Partnership or the Graham-Newman Partnership.

Security Analysis Security Analysis book , released by David Dodd, printed  in 1934 and has been considered as a holy book for profesional investors until this time. The Intelligent Investor published in 1949 (revision-4, by Jason Zweig, 2003), also has become a best seller at that  the time.Warren Buffett said The Intelligent Investor as "the best book on investing ever created.

Security Analysis Book explains us about the fundamental differences among investment and speculation that a lot of reaching the imagination of the reader  at the time the stock market. In the book Security Analysis, Benjamin Graham offers a details explanation  of the different investment with speculation. It reads, "An investment is a through analysis promises safety of principal and an adequate rate of return. Operations or activities that do not meet these requirements are speculative.

Benjamin Graham said that the trader of equity stocks should respect themselves as business owners. With that mindset, investors require not be overly worried  with the volatilities in stock prices is unpredictable, because in the short term, the stock market behaves like a voting machine, but in the long run, stock prices will be similar to weighty machinery (ie corporation with real valuation will shown in its stock price).Benjamin Graham separates between passive and active investor. Passive investors, usually known to as a defensive investor, invest carefully, looking for value stocks, and buy for the long term. Active investors, on the other hand, are individuals that have more time, also seeking for interest from the investment and perhaps more specifically to search for a blue chip stocks or shares, then known as Benjamin Graham reference or referral. Suggested  that investors should invest time and energy to analyze the company's financial situation. When a company is out there on the market have low stock  prices, have good long-term value, is a stock which makes it a ideal investment.

Benjamin Graham said that investment was the most intelligent and very practical, a assertion  which Warren Buffett viewed as the most crucial term concerning investment ever created. Benjamin Graham claimed that stock investors are not right or wrong if others agree or disagree with him, if he is proper analysis. The point is, an investor need not fear about the crowd if his analysis is correct. Intelligent Investor thing. 524 (Revised 2006) is Benjamin Graham's favorite allegory in which Mr.Market was a "man" who appear every day at the door offering shareholders to buy or sell shares at different prices. Often, the price quoted by Mr.Market seems realistic, but often oustrageous. Investors may agree with the prices shown in Mr.Market or if not agreed, can dismiss it. Mr. Market is no problem at all if investorsneglect it, because he'll come back tomorrow for another price quote. The lower line is that investors should not look into the desire Mr Market as an absolute decision to be taken. Rather than suffer losing trade, which do not comply with Mr. Market. The best investors are investors who focus on the real life result of the company and obtaining  dividends, rather than be overly worried with the behavior of Mr. Market is usually irational.

Benjamin Graham is very important of the company in his day who falsify financial record that will not fool the eyes of the investors of the facts or engineering. Benjamin Graham is an advocate for the payment of dividends to shareholders rather than hold it as a post or Retained Earnings Retained earnings. Benjamin Graham also criticized those who recommended that some kind of good stocks to be purchased at any price with speculation that the prospect of sustained stock price growth, without a good analysis of the actual conditions of business finance. This observation is still very relevant today.

Benjamin Graham Principle
In the latest years, "Mr Market"Benjamin Graham was challenged by Modern Portfolio theory (Modern Portfolio Theory) in a book written by William J. Bernstein is The Intelligent Asset. Modern portfolio theory disagree that it is  normally not possible for any person to outfit the market, and this theory is genuinely tutored in many American and British business schools. Nevertheless,Benjamin Graham's approach will be reused by most people at this time. In fact, many academic studies, making the defense ofBenjamin Graham's writings under the title "opponents of Investment, Extrapolation, and Risk", "Good news for value stocks: Further evidence on market efficiency", "The part that is expected by the shareholders" were written to prove that value stocks outperformed the market over a period of nearly all multi-year.

According to Warren Buffett speech, Benjamin Graham said that he wants every day to do something foolish, something creative and something generous. Buffett said that Benjamin Graham strategy  to pick stock was the most superior strategy of our time. That are Benjamin Graham priciple that influence Warren Buffet trading philosophy.