Irving Kahn On Value Investing: The Problem With Algos

Irving Kahn was the co-founder and chairman of Kahn Brothers Group Inc., a broker-dealer and investment adviser with about $1 billion under management.

Irving worked closely with Benjamin Graham over his career. He had the noteworthy opportunity of working as Graham’s teaching assistant at Columbia University Business School and also contributed to Graham’s bible on value investing, Security Analysis, by providing some statistical help. He was one of the founding members of New York Society of Security Analysts and Financial Analysts’ Journal and was among the first few applicants to take the Chartered Financial Analyst (CFA) exam.

Unfortunately, Irving...