Benjamin Graham (May 9, 1894 – September 21, 1976) was a British-born American economist, professor, and investor, widely known as the "father of value investing." His work laid the foundation for modern security analysis and investment philosophy. Graham taught at Columbia Business School for nearly three decades, where his students included Warren Buffett, who later called him the second most...
"The market is there to serve you, not to guide you. It is folly to sell because the market has gone down. The real investor does not sell out to Mr. Market."
Let market prices serve your strategy, not dictate it.
Read Full Analysis →"In the short run the market is a voting machine but in the long run it is a weighing machine. Price eventually converges to value, but the timing is unpredictable."
Long-term prices reflect value, short-term prices reflect sentiment.
Read Full Analysis →"The margin of safety is always dependent on the price paid."
Your margin of safety is entirely determined by how far below intrinsic value you purchase an asset.
Read Full Analysis →Benjamin Graham has 3 key principles on margin of safety. The most important one is "Use Mr. Market Wisely" — The market is there to serve you, not to guide you.
Benjamin Graham applies margin of safety through several key principles including "Use Mr. Market Wisely" and "Price vs Value Gap". These principles guide practical investment decisions and have been tested across decades of market cycles.
Benjamin Graham's approach to margin of safety is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Benjamin Graham provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
