• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Safal Niveshak

Wit. Wisdom. Value Investing.

  • Articles
  • Newsletter
  • Courses
  • Workshop
  • Stock Analysis Excel
  • Podcast
  • Books
  • Ethics
  • Contact
  • Log In
  • Prime
  • Show Search
Hide Search
You are here: Home / Ben Graham / Legacy of Benjamin Graham: A Video Tribute

Legacy of Benjamin Graham: A Video Tribute

I usually write on Safal Niveshak thrice a week, and on alternate days. So hearing from me two days back-to-back may seem odd to you.

But like a five-year old kid who wants to share with the world his new toy, I wanted to share with you a video I stumbled upon last night and could not wait to do that till Wednesday.

I couldn’t be patient like I try to be in my investing, so here I go! 🙂

Legacy of Ben Graham
Here is a video created by The Heilbrunn Centre for Graham and Dodd Investing of Columbia Business School, where Benjamin Graham taught value investing in the late 1920s.

This video showcases Graham giving a lecture (yes!), and also shares his students’ views on the legacy of this great man whom the world now knows as the ‘Father of Value Investing’.

Before you watch the video, here are five amazing quotes I’ve pulled out from the same, and which show the depth of Graham’s teachings that are still valid more than 80 years after he first taught them.

1. “The explanation cannot be found in any mathematics but has to be found in investor psychology. You can have an extraordinary difference in the price level nearly because, not only speculators but investors themselves, are looking at the situation through rose-colored glasses rather than dark blue glasses.” – Graham to students

2. “Ben Graham opened the course by saying, “If you want to make money on Wall Street you must have the proper psychological attitude. No one expresses it better than Spinoza the philosopher. Spinoza said, “You must look at things in the aspect of eternity.” – Marshall Weinberg on Graham

3. “Warren, don’t worry too much about making money. It won’t change the way you live. It’ll change the way our wives live. But look, you and I are wearing the same clothes and eating in the same cafeteria. So relax.” – Graham to Warren Buffett

4. “I don’t think necessarily, he realized what an impact he as making. He was a very modest man. Everything was experimental. Everything was new. Everything was exciting.” ~ Edwin Schloss on Graham

5. “He said everyday he wanted to do something foolish, something creative, and something generous.” – Warren Buffett on Graham

Finally, here’s the icing on the cake.

A student asks Graham – “This question concerns the so called “Wall Street professional”. Are Wall Street professionals usually more accurate in their near or long-term market trends, forecasts of stock market trends?”

Graham responds – “Well, we’ve been following that interesting question for a generation or more. And I must say frankly our studies indicate that you have your choice of tossing coins or taking the consensus of expert opinion, and the results are just about the same in each case.” 🙂

Now, without much ado, I am happy to share with you something that gave me goose bumps a few hours back.

If you follow Graham as well, this may well be the video of the year for you. 🙂

httpv://www.youtube.com/watch?v=m1WLoNEqkV4&feature=youtu.be

If you can’t see the video above, click here.

Join 90000+ Smart Investors

Subscribe to our best stuff on investing, stock analysis, and human behaviour. Plus get access to Seven E-Books on Investing + Two Special Reports + One Stock Analysis Template. All for FREE!

No charge. Unsubscribe anytime.

Be a part of our growing tribe. Join us on Twitter.

Reader Interactions

Comments

  1. Rahul says

    June 11, 2013 at 9:08 am

    Thanks Vishal for sharing this wonderful video.

    Is there any academic school focusing on Value Investing in India?

    Reply
    • Mukul says

      June 11, 2013 at 12:03 pm

      You can attend the famous “BFBV -behavioral finance and business valuation” course taken by prof. Sanjay Bakshi in MDI Gurgaon. It starts somewhere in october. Professor do allow guets to attend his lectures but you need to persuade him. Its really worth to put the efforts..:)

      Reply
  2. Hari says

    June 11, 2013 at 11:09 am

    Hi Vishal, Thanks for Sharing this rare video.

    Hari

    Reply
    • Vishal Khandelwal says

      June 13, 2013 at 7:46 pm

      My pleasure, Hari!

      Reply
  3. Akhilesh says

    June 11, 2013 at 12:27 pm

    Dear Vishal,

    Amazing Video !! Ben’s thoughts are even better.

    Looking companies from the perspective of holding them in your portfolio for eternity and focusing on the investor friendly virtues (great dividend yields, regular dividend payouts) business model which can stand the test of time, competitive advantages, Innovation and leadership, Is the company solving/serving a human problem?…all these thoughts will guide your mind to further analyze and contemplate on the stock. This psychology and philosophy can do wonders for an average investor.

    Regards

    Akhilesh

    Reply
  4. Gaurav says

    June 11, 2013 at 12:46 pm

    The last statement in the video is prophetic. It takes hit on so called efficient market hypothesis at a time when it was yet to be fully developed. A student asked whether analysts and brokers are wise in their approach and Ben Graham said something like “There is no difference between random outcome of tossing a coin and consensus on the wall street. What they know gets fully factored in short term. However what they don’t know gets factored over a long term.”

    Vishal thanks again for this beautiful post. Benjamin Graham never ceases to amuse me. I read The Intelligent Investor once and I thought that I fully soaked Graham through it. But I now know that I need to revisit it again for there is much more to be learnt.

    Reply
    • Vishal Khandelwal says

      June 13, 2013 at 7:47 pm

      Very true, Gaurav. Each time I read Graham, I find an amazing idea that slipped my mind last time. 🙂

      Reply
  5. Anand says

    June 11, 2013 at 2:40 pm

    I felt my heart beat when i watched him in this video. After reading his book , I felt like. Witnessing the almighty after reading the holy book. No words to descirbe the feeling.

    Reply
    • Vishal Khandelwal says

      June 13, 2013 at 7:46 pm

      Indeed Anand! 🙂

      Reply
  6. sudhir says

    June 11, 2013 at 3:54 pm

    Wow, this is great. thanks

    Reply
    • Vishal Khandelwal says

      June 13, 2013 at 7:48 pm

      My pleasure, Sudhir!

      Reply
  7. Sridhar says

    June 15, 2013 at 11:13 am

    Interesting video. Its very rare to see videos of Great Gurus of the past….but this one seems interesting. Thanks for summarizing those 5 points…..it was actually more helpful in understanding the content and appreciate the context of what is being spoken about. Thanks Vishal.

    Reply

Trackbacks

  1. Poke the Box Issue #1 | Safal Niveshak says:
    June 12, 2013 at 6:18 pm

    […] amazing video that showcases the father of value investing Ben Graham giving a lecture (yes!), and also shares his students’ views on the legacy of the legend. Mental Model of the […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Join 90000+ Smart Investors

Subscribe to my free e-letter – The Journal of Investing Wisdom – that serves insights on money, investing, and human behaviour...and get instant access to my Exclusive E-Books on Investing + One Stock Analysis Excel. All for FREE!

  • Facebook
  • Instagram
  • Twitter
  • YouTube

Popular Posts

  • Week
  • Month
  • All Time

Week

  • Stock Analysis Excel Template Version 4.0
  • 16 Investing Lessons from a Superinvestor the World Forgot
  • The Problem With a Rat Race is That Even If You Win…
  • A Story of Courage and Hope from the Life of Charlie Munger
  • 10 Qualities of Great Investors

Month

  • Stock Analysis Excel Template Version 4.0
  • 16 Investing Lessons from a Superinvestor the World Forgot
  • 10 Qualities of Great Investors
  • 35 Ideas from 2022
  • A Story of Courage and Hope from the Life of Charlie Munger

All Time

  • Analyze a Stock in 30 Minutes (Free Excel)
  • Stock Analysis Excel Template Version 4.0
  • How to Value Stocks using DCF…and the Dangers of Doing So
  • A 2-Year Course to Become a Smarter, Independent Investor
  • A Guide to Reading for Investors (Plus, What Prof. Sanjay Bakshi Reads)

About   |   Newsletter   |   Courses   |   Books   |   Connect

Uncopyrighted & Handcrafted with in India

  • Twitter
  • Youtube
  • Instagram