From The Archives: Benjamin Graham’s Advice For Investing In Special Situations

Benjamin Graham was the godfather of value investing and even today his common sense approach to investing provides a road map for long-term success, which can easily be replicated by any investor. Following a piece last week on Walter Schloss’ criteria for company liquidations, which drew on Benjamin Graham’s advice for investing in special situations, this article looks at Benjamin Graham’s advice for investing in special situations. This advice was published in the Q4 1946 issue of the Analyst’s Journal. The advice was originally presented in the book, Security Analysis 1951 edition (Pages 729 – 734).   Benjamin Graham: What is…