Nothing captures the philosophy of value investing so precisely and succintly than this very famous Warren Buffet talk !
http://www.tilsonfunds.com/superinvestors.html
This article is an edited transcript of a talk given at Columbia University in 1984 commemorating the fiftieth anniversary of Security Analysis, written by Benjamin Graham and David L. Dodd. This specialized volume first introduced the ideas later popularized in The Intelligent Investor.
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