Investing today may well be harder than it has been at any time in our three decades of existence.
We continue to adhere to a common-sense view of risk - how much we can lose and the probability of losing it. While this perspective may seem over simplisticor even hopelessly outdated, we believe it provides a vital clarity about the true risks in investing.
Value investing is predicated on the efficient market hypothesis being wrong.
Never stop reading. History doesn't repeat, but it does rhyme.
The single greatest edge an investor can have is a long-term orientation.
By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses.