Rare Benjamin Graham Article Analyzing Stocks Vs. Bonds

"Discrepancies -- and hence opportunities -- in securities originate most often when events move faster than quotations. The kaleidoscopic change in the New York Transit situation since 1916 is an instance of this kind; for a while all the issues have naturally suffered, the declines have been strangely uneven and the resulting relative prices decidedly illogical." -- Benjamin Graham.

[icahn]

Q2 hedge fund letters, conference, scoops etc

The above quote is taken from an article Benjamin Graham wrote in 1919.

Published in The Magazine of Wall Street, the article focused on -- like so many other of Graham's columns at the time -- railroad securities, comparing three such securities and...