Letters to Our Clients
Ben Graham, teacher, investment manager, author, the driving force behind creation of the CFA designation, and champion of individual investors, dominated the thoughts and practices of professional investing for decades, prior to his death in 1976. His book, Security Analysis, co-authored with David Dodd, was required reading for anyone entering the field of portfolio management. His short version of this work, The Intelligent Investor, along with Security Analysis, continues to be the investment bible for those of us who believe in value investing.
Kendall J. Anderson, CFA