Who is not familiar with Benjamin Graham, he was known as the Father of Security Analysis, a world-class economists, investors and legends and also a professor of finance at Columbia University. He has given some of the best legacy for the world's greatest investor in history, such as Warren Buffett, Mario Gabelli, Michael Price, John Bogle and John Neff.
Warren Buffett had studied under the auspices of the professor, Benjamin Graham at Columbia University. Buffett tried to get a job in the company's investment mentor, but was refused. Buffett also never give up and always strive relentlessly, until he finally accepted.
This is the beginning Buffett given a great responsibility, from where he never stopped to absorb, as well as grateful for what he has learned from a Benjamin Graham. It is interesting to note that one of the original investment of Newman Graham GEICO, is the beginning of the acquisition of Berkshire Hathaway is still a big wheel in the Group Buffett investment.
Benjamin Graham's journey to the pinnacle of success in a course filled with twists and turns and obstacles, as the investors as a human being. He also must pass a difficult step and struggled in the era of economic crisis that occurred in the United States at the time.
Biography of Benjamin Graham
Benjamin Graham was born in London in 1894, he was the son of an importer. His family migrated to America when he was still very young, then opened a business importing. The situation turned into a nightmare when his father died not long after moving to America in 1907 during the economic downturn over to America at the time.
During past crises, Benjamin Graham still managed to go to college at Columbia University. WWhen in college, he was a star pupil excelling in various fields. Although at the time he was offered a job to become a lecturer after graduating, he chose a job on Wall Street.
He did not take long, with a natural intelligence came when he started doing financial research, market analysis and a partner in a company. Earnings immediately jumped up, to more than $ 500,000 a year, a significant amount for the age of 25 years.
In 1926, Benjamin Graham formed an investment partnership with the Broker, Jerome Newman. At the same time, he also began teaching evening classes became a lecturer in finance, at Columbia University.
The financial crisis in 1929 nearly made bankrupt Benjamin Graham total, but the effort was saved by the help of the sale of most personal assets. The wife was forced to return to work as a dance teacher. Benjamin Graham to get back up, from which he had learned the most valuable experience. A secret that he would pass on to the Investors the world over the book - his book.
In 1934, Benjamin Graham, along with David Dodd (Columbia academic), published a book titled Security Analysis. Although the financial crisis, the book remains a recommendation. "Success to invest in common shares is possible, as long as the principles of sound investment remain in place". They have introduced the concept of intristic value / fundamental value to buy shares at that value.
They also co-operation continues, but this time it is more productive and never again harm their investors with the success of the annual return of about 17%. Benjamin Graham managed to write a book on The Intelligent Investor in 1949, which also considered the "Bible of Investment". He finally retired in 1956 and died in 1976.
The global economic crisis that occurred in recent years has been a hurdle for us all, and certainly takes a hard work, sacrifice and give up to reach a success as well as investor Benjamin Graham and other world-class days of the crisis at the time. Through this brief biography, is expected to give you a glimmer of knowledge, experience and inspiration that means.
How about you, did you have a mentor or role model in trading? So what are the barriers that once you face the days of global crisis? then how do you pass?