THE recent developments over the subprime issues and the big volatility in regional markets have caused a lot of uneasiness to retail investors.
According to Benjamin Graham (1894-1976), investors should make market fluctuations their friends, rather than get carried away by the market sentiment. Investors should not try to time the market, as the stock market movement is always unpredictable.
In this article, we will look into some key elements of Graham’s investing philosophy.
Graham, the father of value investing, was born in London and moved to the United States when he was eight years old. In 1914, he graduated from Columbia University and started work as a financial analyst on Wall Street.
He started a private investment organisation, the Benjamin Graham Joint Account, on Jan 1, 1926, which was later joined by Jerry Newman at end-1926.
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