[quote=Allan from Fallbrook][
Ben Graham. I’ve made more money over a protracted period of time following Graham’s Theorem than with any other “system” or “school of thought”.
[/quote]
I like Ben Graham’s approach, in theory, but recall that he got destroyed – even using his “conservative” approach – during the depression. If memory serves, his accounts were down 70%+. Now, over time, he did very well in absolute and relative terms, but he suffered a lot at times.
Also, interestingly, using Ben Graham’s approach, you would have been out of the market completely from 1994 until February 2009 – just investing in high-grade bonds. Which would have been exactly the right long-term strategy!! But painful at times watching the Bubblicious market highs.
