Graham Summary and Analysis

Buffett met his "guru" of investing, Benjamin Graham, at Columbia. a man who laid out to his students a methodological basis for picking stocks. Graham was born Benjamin Grossbaum in London and immigrated to New York as a child. His parents lost all of their savings in the panic of 1907, but he eventually attended college and moved onto Wall Street, starting as a floor man who put stock prices on the chalkboard. He was bright and quick, began to invest and analyze and, by the 1920's, he was considered a bit of a expert. His basic formula for investing was to look for a company whose stock was such a bargain as to render it essentially risk-free. Graham lost a great deal during the crash of 1929, but his partner coughed up $75,000 to allow the partnership to survive. Graham's addition to his...