Benjamin Graham never slept in an alley or huddled with his brothers over a heating grate. But he did lose his father and witness his mother’s slide to the brink of poverty, spending his formative years living in fear of financial ruin. Humiliating losses on Wall Street rekindled that fear and sparked his invention of Margin of Safety, the central concept of value investing and Ben Graham’s greatest contribution to finance. The post Benjamin Graham Lost a Bundle & Found Margin of Safety (...
