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Berkshire Hathaway Inc. Message Board

  • hjclasvegas6969 hjclasvegas6969 Jan 21, 2014 9:14 AM Flag

    here is what Graham said shortly before his death

    I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding activity, say forty years ago, when Graham and Dodd was first published; but the situation has changed…[Today] I doubt whether such extensive efforts will generate sufficiently superior selections to justify their cost… I’m on the side of the “efficient” market school of thought.

 
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