Security Error | Columbia Business School
www8.gsb.columbia.eduSaved by Daniel Bakalarz
Security Error | Columbia Business School
As the father of value investing, Benjamin Graham, advised in 1934, smart investors lookto the market not as a guide for what to do but as a creator of opportunity.
Seth Klarman • Seth A. Klarman remarks at MIT
Warren Buffett brings up all the time that great Benjamin Graham quote that in the short run the stock market is a voting machine and in the long run it’s a weighing machine.
David M. Rubenstein • How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers
the proper perspective on an investment is not what you have made so far, but rather the risk and reward ratio at any given point. The price you paid for a stock is irrelevant.
Eugene Linden • The Mind of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market
But here’s the magic few people ever talk about …We’ve created more than $1.5 billion in value to Upfront from just 6 deals that WERE NOT immediately up and to the right.The beauty of these businesses that weren’t immediate momentum is that they didn’t raise as much capital (so neither we nor the founders had to take the extra dilution), they took ... See more