By John Ostapkovich
PHILADELPHIA (CBS) – Nearly everyone in the investing world has heard of Warren Buffet, who is one of the world’s richest men, nicknamed the Oracle of Omaha. KYW’s John Ostapkovich reports on a new look at a man critical to Buffet’s success.READ MORE: Philadelphia Weather: Stormy Evening Brings In Seasonal Temperatures For Early Next Week
His name was Benjamin Graham, a trendsetter in “value investing,” says Joe Carlen, author of The Einstein of Money.
“Graham’s focus is more on the difference between the value and the market price and that’s still the primary distinction that Buffet looks at but Buffet, unlike Graham, will not look at companies that are of a smaller size,” Carlen explains.READ MORE: Inaugural Penn Relays 5K Underway At Penn Park
And, says Carlen, Buffet also wants market dominance in the mix. This is not just about investing.
“The odd-numbered chapters look at his life, and each even-numbered chapter focuses on a certain aspect of his investment, finance paradigm,” along with current examples of using Graham’s methods long after his death in 1976, says Carlen.
An author takes a look at the man critical to Warren Buffet’s success.MORE NEWS: Woman Raped On El Train In Upper Darby While Others Stood Around And 'Did Nothing,' Police Say