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ncy" is based on characters from renowned author Douglas Adams and was recently sold to BBC. We believe ID
ry or "lack thereof." While perhaps it is trite or even arrogant to say that the market is getting it wrong and I was/am getting it right, we think Benjamin Graham captures it best: "In the short run, the market is a voting machine but in the long run, it is a weighing machine." As many of you know, my first l
ncy" is based on characters from renowned author Douglas Adams and was recently sold to BBC. We believe ID
ry or "lack thereof." While perhaps it is trite or even arrogant to say that the market is getting it wrong and I was/am getting it right, we think Benjamin Graham captures it best: "In the short run, the market is a voting machine but in the long run, it is a weighing machine." As many of you know, my first l
ors (including GM Hughes, Grumman, and McDonnell Douglas) have divested unprofitable non core businesses w
tifications for these assumptions are given below. Until a few years ago, despite the wealth accumulated by Warren Buffet and other acolytes of the Benjamin Graham school of investing, the concept of companies having fundamental value was highly controversial. In recent years, these views have become more accep
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