Jul

28

Ben Graham, from Guy Ward

July 28, 2007 |

I have just discovered that I am old and boring; whilst on holiday I found myself reading Vic and Laurel's Practical Speculation rather than lazing by the pool reading a trashy thriller. I especially liked the Specs' chapter about Ben Graham and I am always surprised by the venomous attacks if you dare criticise (or simply fail to worship) established figures such as Ben Graham or Alan Greenspan. Maybe this chapter was particularly harsh, and perhaps they didn't emphasize Ben Graham's achievements, but the key aspect for me is to hear both sides of an argument and then to make up my own mind. I find that far too many people who work in the investment world learn only one side of the story, leading to trouble when their ideal conditions evaporate.


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