A Value Investing masterclass by Benjamin Graham (Warren Buffett's mentor) and dean Courtney Brown, at Columbia Business School (circa 1955).

The topics covered include the Efficient Market Hypothesis (EMH), Investing on Margin, Inflation and Dollar Cost Averaging (DCA).

Benjamin Graham was salutatorian of the class of 1914 and, weeks before graduation, was offered teaching positions in three different faculties: Greek and Latin philosophy, English, and mathematics. He was all of 20 years old.

In 1949, he published The Intelligent Investor, which Warren Buffett has called "the best book about investing ever written."

From http://c250.columbia.edu/c250_celebrates/your_columbians/benjamin_graham.html

Read more at https://business.columbia.edu/heilbrunn/about/valueinvestinghistory

Courtney Conrades Brown was born on Oct. 15, 1904, in St. Louis, studied at the Staunton Military Academy and Dartmouth College, worked for a decade in New York brokerage houses and banks and then taught and earned a doctorate in economics at Columbia.

Dr. Brown was a leading statistical economist as head of the economic research section of the Standard Oil Company of New Jersey (now Exxon), one of the largest departments of its kind in private business.

As Columbia's business school dean from 1954 to 1969, Dr. Brown introduced a required course on the ethical and philosophical aspects of business and oversaw the construction of the graduate school's present eight-story home, Uris Hall, on the Morningside Heights campus.

Read more at https://www.nytimes.com/1990/04/30/obituaries/courtney-c-brown-85-is-dead-columbia-business-school-dean.html

See a shorter HD version at https://youtu.be/vr80D5DcUaw

See the full 30 minute 1955 CBS video on stock markets at https://youtu.be/tFv8eLe59JA

Apply Graham's complete investment framework at https://www.grahamvalue.com

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