Fresh Ideas to Chew On
Columbia University, the heart and soul of value investing in academia, recently concluded its annual Investment Management Conference. This is the institution where the late Ben Graham taught his legendary security-analysis course, and whose students have included Warren Buffett and the late Walter Schloss. Fittingly, this year the conference featured an A-star list of brilliant thinkers. Among them were Seth Klarman -- who has compounded money at close to a 20% clip for nearly 30 years now -- as well as Bruce Berkowitz, Jeremy Grantham and Bill Miller.
The speakers offered invaluable and copious doses of investment wisdom. For instance: "Investing should be absolute, not relative. If there are no bargains, then hold cash." There was also this gem: "Get away from the game of trying to figure out where the market is going to go. Buy and value companies you can hold for years, even if a depression is around the corner."...402 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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