Synopses & Reviews
Warren Buffett—widely considered the most successful investor of all time—has repeatedly acknowledged Benjamin Graham, a man he personally studied and worked under, as the primary influence on his investment approach. Indeed, there is a direct line between the record-shattering investing performance of Buffett (and other value investors) and Graham’s life. In six books and dozens of papers, Graham—known as the "Dean of Wall Street"—left an extensive account of an investing system that, as Buffett can attest, actually works!
This biography of Benjamin Graham, the first written with access to his posthumously published memoirs, explains Graham’s most essential wealth-creation concepts while telling the colorful story of his amazing business career and his multifaceted, unconventional personal life. The author distills the best from Graham’s extensive published works and draws from personal interviews he conducted with Warren Buffett, Charles Brandes, and many other top US and global value investors as well as Graham’s surviving children and friends, weaving Graham’s transformational ideas into the narrative of a momentous life and legacy.
Warren Buffett once said, "No one ever became poor by reading Graham." By the same token, no one will ever become uninspired by reading Carlen’s lively account of Benjamin Graham’s fascinating life and time-tested techniques for generating wealth.
"The man Warren Buffett cites as the most profound influence on his investment approach and inspiration for much of his success was born Benjamin Grossbaum in 1894, the third son in a family of Jewish kitchenware importers. Market analyst Carlen (coauthor of From Lifeguard to Sun King) tells the story of Graham's life: his strictly Orthodox childhood; academic career at Columbia University; Wall Street career; the development of his theories of investing; and his surprisingly infidelitous personal life. Most importantly for Buffett, a student of Graham's at Columbia who later went to work for him in 1949, Graham wrote an investment bible called The Intelligent Investor, which remains a top-seller. His predictions bear out even today, and many financial experts rank among his disciples. Carlen hails Graham as a genius without peer, and though it's clear that he was, without Buffett's golden touch it's likely that Graham would have faded into obscurity. The tone of the book is dense and somewhat obscure, not likely to bring Graham the general audience that he perhaps deserves. (July)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
About the Author
Joe Carlen is the cofounder and lead market analyst at Know Thy Market, LLC. He is the coauthor (with Banana Boat® founder Robert Bell) of the business biography From Lifeguard to Sun King, which was included on the Wall Street Journal business book bestseller list.