1st Quarter 2016
“Successful investment is about managing risk, not avoiding it” —Benjamin Graham, from “The Intelligent Investor”
To our clients and friends:
Benjamin Graham first published his timeless masterpiece, The Intelligent Investor, in 1949. Graham is often referred to as the “father of value investing” by such notables as Warren Buffet and others. In fact, Buffett was a student of Graham’s when Buffett attended Columbia University business school in the late 1940’s and Graham was his professor.
Graham taught and inspired investors everywhere to try and avoid making significant errors in their investing. He taught them long-term strategies for success with a focus on understanding stock valuations. He also stressed the importance of examining risk and the potential for investment losses.
“After all”, Graham said, “losing some money is an inevitable part of investing, and there is nothing you can do to prevent that from happening, because you have chosen to assume some risk”. But, as Graham preached over and over again, in order to be an intelligent investor, you must take responsibility for ensuring that you never lose most or all of your money.
About the Author
Fama Fiduciary Wealth LLC is an SEC-Registered Investment Advisory firm originally established in 2001 under the name of Andrew J. Fama Asset Management. With over 30 years of experience representing financial institutions, businesses and individuals, Mr. Fama understands the risks inherent in all types of investments.
To learn more about Andrew J. Fama click here.