Benjamin Graham Quotes
There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that market.
Graham, Benjamin. Storage and Stability: A Modern Ever-Normal Granary. McGraw-Hill, 1937.
Most Americans were just beginning to comprehend the importance of international relations to American agriculture and our food supply.
There was still a large isolationist wing in Congress that was discovering that the economics of the world affected America as well.
He was opposing the view of President Donald Trump that the United States needs trade protectionism in order to preserve and grow manufacturing jobs. Flake and the majority of the Contgress maintained that protectionism at best would lose more jobs and growth possiblities than it would save, and at worst could start a trade war that throws teh United States into a recession or even a depression.
Benjamin Graham was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.