The last two investing terms I’m going to define aren’t terms at all, but people who are important in the world of the market and who we write about frequently. Again, if we’ve missed something you’re confused about, please let us know and we’ll be happy to help out.
Benjamin Graham — The father of value investing, his system is used in Cabot Benjamin Graham Value Letter to determine the best undervalued stocks in the market. Graham wrote “Security Analysis” and “The Intelligent Investor,” which laid out his value investing system and have become the go-to books for value investors in the decades since their publication. He also taught Warren Buffett at Columbia University.
Jesse L. Livermore – A quote from Livermore (“Markets are never wrong; opinions are.”) adorns our fireplace at the Cabot office and he has been written about previously in Cabot Wealth Advisory. Livermore is one of the most colorful, flamboyant and respected market speculators of all time. Livermore wrote the book, “How to Trade in Stocks,” in 1940, which gives step-by-step guidance on reading market and stock behaviors, analyzing market sectors, market timing, money management and emotional control. Livermore is the subject of the book, “Reminiscences of a Stock Operator” by Edwin Lefevre.
2 responses so far ↓
1 Guy M. Loftin // Oct 27, 2008 at 1:52 pm
you know we are living in different times when it becomes a crisis for today’s teenager to have to downgrade the type of cell phone they are using.
2 elyse // Oct 27, 2008 at 2:04 pm
Hello Guy,
Your comment makes a great point. Perhaps this crisis will teach kids the value of saving/investing for the future and to be less materialistic. They are good lessons to learn and the younger you get them, the better off you’ll be.
Elyse
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