L3VLUP
People

Benjamin Graham

Investor and Columbia professor; the author of The Intelligent Investor

Sources

1 idea

  • FrameworkInvestingBook located

    Price is what the market offers you today. Value is the separate question

    Decide what a business is worth before looking at the price, then act only when the price is far enough below.

    Any stock pitch, any conversation about whether a market move is a reason to act, and any valuation that starts from the price.

    From The Intelligent Investor · Benjamin Graham