Oct 17 2008
Ben Graham and Geico
Another famous investor I enjoy reading about is Ben Graham. Although I don’t subscribe to Graham’s strict value investing principles, I pay close attention to fundamentals and “relative value” in my search for stocks and real estate properties.
I particularly like Graham’s “Mr. Market” analogy, describing how stock prices move based on investors’ emotions.
I also savor the great irony in Graham’s uncharacteristic early-stage investment in a little insurance company (his partners wanted to make the investment and Graham reluctantly went along) that eventually became Geico, “incidentally” making Graham more money than all of his many years of “cigarette butt,” bargain basement value stock investing combined!
