Charles Munger: Why Did Ben Graham’s Net Nets Disappear

Johnny HopkinsBenjamin Graham, Investing StrategyLeave a Comment

Just been re-reading Charles Mungers’ classic speech – A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business. In it Munger provides some great insights into what happened to the net net stocks popularized by Ben Graham. Here’s an excerpt from that speech: The second basic approach is the one that Ben Graham used—much admired by … Read More

Even The Most Intelligent Investors Succumb To Human Frailty – Including Ben Graham

Johnny HopkinsBenjamin Graham, Stock Screener, StocksLeave a Comment

I’ve just finished a great little book called – Benjamin Graham: The Memoirs of the Dean of Wall Street. It’s a fantastic read about the father of value investing, Ben Graham. While a lot has been written about the investing insights of Graham it was interesting to read the following passage which illustrates that even he was not immune to one … Read More

Buy Groups of Stocks That Meet Some Simple Criterion for Being Undervalued – Benjamin Graham

Johnny HopkinsBenjamin GrahamLeave a Comment

One of my favorite Benjamin Graham interviews was one he did with Hartman L. Butler, Jr., C.F.A. in 1976. Graham discusses a number of topics including how to successfully think like an investor, writing Security Analysis, index funds, and the efficient market theory. But my favorite piece includes his thoughts on his transition from picking individual stocks to a group … Read More

Warren Buffett on Benjamin Graham

Johnny HopkinsBenjamin Graham, Warren BuffettLeave a Comment

Much has been written about Warren Buffett’s relationship with Benjamin Graham. But one of my favorites is from an article he wrote for the Financial Analysts Journal back in 1976. I think it sums up their relationship perfectly. My favorite Buffett quote is, “And if encouragement or counsel was needed, Ben was there. Walter Lippmann spoke of men who plant trees … Read More