Update- US S&P Stock Market Composite Benjamin Graham made his first fortune in the ‘Roaring Twenties’ and lost it in the 1929 Wall Street Crash but then made a second fortune during the Great Depression that followed. Graham is most famously remembered as the man who taught Warren Buffet, co-authored the Security Analysis (1934) with David Dodd and wrote The Intelligent Investor (1949). One of Graham’s investment techniques was to use a 10 year rolling return to determine whether an investment was cheap (worth buying). So the question is, what would Benjamin Graham do today if he could see that the 10-Year Rolling Total Return for US S&P Stock Market Composite had dropped to below 0%pa which is only the third time that this has occurred in the last 171 years? At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
28th-September-2010 | 
