Benjamin Graham On IPO Euphoria (From The 1940s)

Benjamin Graham is considered to be the godfather of value investing and one of the creators of fundamental investing in general. Graham’s first book, Security Analysis, co-written with David Dodd, quickly became the bible for security analysts when it was published in 1934, and it remains relevant today, but Ben Graham's Security Analysis lectures were also important.

As well as his books, Graham taught hundreds of students the process of fundamental value investing at the Columbia Business School, and once again, even though these lessons are out of date, they remain relevant today.

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