Vista Partners Quote of The Day Via Legendary Investor Benjamin Graham
“The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.” -Benjamin Graham
According to Wikipedia, Benjamin Graham was a British-born American investor, economist, and professor. He is widely known as the “father of value investing,” and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.