Benjamin Graham: How Do We Rate Security Analysts?
How can we tell whether a recommendation to buy or sell a stock is right or wrong? That's the question Benjamin Graham posed in an article he wrote for the Financial Analysts Journal in the first quarter of 1946.
"If a security analyst should recommend the purchase of United States Steel at 80, as a "good buy," what criteria of the corresponding definiteness can we apply to test his wisdom," Graham asked in his article.
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