This is the second part of a series devoted to notes of Graham’s lectures between September 1946 and February 1947 at the New York Institute of Finance. The series of lectures was titled Current Problems in Security Analysis, and it gives a great insight into Graham’s process and investing mentality with a focus on his Comparative Balance Sheet.
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The first lecture in the series of lectures given by Graham was devoted to the security analyst, and why investors should not always trust their recommendation as...