Benjamin Graham Biography
(Economist, Investor)
Birthday: May 8, 1894 (Taurus)
Born In: London, England
Benjamin Graham, widely known as the ‘father of value investing’, was an American investor, economist and academic. Born in United Kingdom towards the end of the nineteenth century he moved with his parents to the USA at the age of one, losing his father at nine. Thereafter, he grew up under extreme poverty, which motivated him to earn enough money and make his family comfortable. Always a bright student, he earned his bachelor’s degree from Columbia University and then took up a job at the Wall Street as a chalker. Quickly climbing the ladder and earning enough, he formed his own partnership firm at the age of 32 and started teaching at Columbia University at 34. Although he lost substantial chunk of his asset in the stock market crash of 1929 it failed to dampen his enthusiasm and learning from his mistake, he wrote two widely acclaimed books on investment. His concepts in managerial economics have led to development of value investing within different investment vehicles like mutual funds, hedge funds, diversified holding companies. He had many disciples, among whom Warren Buffet is most notable.