Value Investors; Bonds: That Silly Mr. Market by Kendall J. Anderson, CFA, Anderson Griggs Investments I’m sure you remember my friend Mr. Market. He was introduced to me a few years after I entered the business of investment advice via Ben Graham’s book The Intelligent Investor, and for most years since I have found him to be quite fair and reasonable. Whether I wanted to sell or buy any one of the thousands of securities available to the public, he would make an intelligent opinion of its value and proceed to close the deal at that price. However, Mr. Market’s…
A Problem for Value Investors: That Silly Mr. Market
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