Jason's Answers

Ben Is Back: Lessons and Ideas from Benjamin Graham
12/01/2003
This presentation summarizes the life and living legacy of Benjamin Graham, author of “The Intelligent Investor.” What can we still learn today from the greatest investment thinker who ever lived? Jason discusses the enduring lessons that every investor can – and should -- learn from Graham. (Note: AIMR charges a fee for access to this webcast).
http://www.aimrdirect.org/cpe/what.cfm?test_id=376

Benjamin Graham, the Human Brain, and the Bubble
10/01/2003: “Boom and Bust,” a volume of guest essays published by the European Asset Management Association (see pp. 160-164 in the PDF link below, or 145-149 in the print edition)
This article combines the insights of Ben Graham with the newest discoveries in neuroscience to shed light on the manic-depressive market of the past few years.
http://www.jasonzweig.com/uploads/BenGrahamEAMA.pdf

Benjamin Graham and The Intelligent Investor
09/06/2003: Minnesota Public Radio
Jason talks with Stephanie Curtis of Minnesota Public Radio’s “Sound Money” about revising Graham’s masterpiece and why it remains so relevant today. You can listen to the interview here:
http://soundmoney.publicradio.org/programs/2003/09/06/

The Intelligent Investor (Public Radio)
08/14/2003
Jason talks about how he edited the new edition of Benjamin Graham’s classic, “The Intelligent Investor,” and why the book is still relevant. You can listen to the interview, with Public Radio’s Cheryl Glaser, here:
http://marketplace.publicradio.org/morning_report/2003/08/14_mmr.html

Get Rich Slowly
07/01/2003: TIME Magazine (book excerpt)
The Intelligent Investor (1949), by financial giant Benjamin Graham, is more relevant than ever, in a new edition updated with analysis by Jason Zweig.
http://www.time.com/time/magazine/article/0,9171,463093,00.html;
http://www.jasonzweig.com/uploads/TIME1.pdf;
http://www.jasonzweig.com/uploads/TIME2.pdf;
http://www.jasonzweig.com/uploads/TIME3.pdf

Lessons From The Greatest Investor Ever
07/01/2003: Money Magazine, Vol. 32 No. 7
As The New Edition Of The Intelligent Investor Shows, Ben Graham Never Goes Out Of Style
http://money.cnn.com/best/magazine_archive/2003/07/MASA-01.html;
http://www.jasonzweig.com/uploads/7.03BenGraham1.pdf;
http://www.jasonzweig.com/uploads/7.03BenGraham2.pdf;
http://www.jasonzweig.com/uploads/7.03BenGraham3.pdf

What\'s a Stock Worth Today?
08/01/2002: TIME Magazine
Focused on the future, WorldCom\'s pet analyst went astray. A past master tells us how to avoid that trap. (What Ben Graham could have taught Jack Grubman.)
http://www.time.com/time/magazine/article/0,9171,1101020805-332061,00.html

Is It Time to Tiptoe Back into Financial Stocks?
07/26/2008: The Wall Street Journal
No, and here`s why
http://online.wsj.com/public/article_print/SB121700939198285307.html

What History Tells Us About the Market
10/11/2008: The Wall Street Journal
An essay for the Weekend section of The Wall Street Journal on the real -- and illusory -- parallels between 2008 and 1932.
http://online.wsj.com/article/SB122368241652024977.html

Corporate-Cash Umbrellas: Too Big for This Storm?
03/14/2009: The Wall Street Journal
As Benjamin Graham warned long ago, some companies keep too much cash for your own good.
http://online.wsj.com/article/SB123698238718924581.html

CEOs Need to Bring Investors Along for the Ride
05/02/2009: The Wall Street Journal
Some simple suggestions for reforming executive compensation.
http://online.wsj.com/article/SB124121294473578541.html

If You Think the Worst Is Over, Take Benjamin Graham’s Advice
05/23/2009: The Wall Street Journal
In the market rebound, the worst investments have had the best returns. Don`t get carried away.
http://online.wsj.com/article/SB124302634866648217.html

Behind Buffett’s Decision, a Lesson from a Mentor
11/04/2009: The Wall Street Journal
What Mr. Graham taught Mr. Buffett about cash.
http://online.wsj.com/article/SB125730420370927171.html

Why One Legendary Investor Is More Worried Than Ever
05/22/2010: The Wall Street Journal
The great value investor Seth Klarman explains why being smart in one dimension may no longer be enough.
http://online.wsj.com/article/SB10001424052748704167704575258442772338282.h...

What Buffett`s Mentor Thought of IBM
11/14/2011: WSJ Online: Total Return blog
With Warren Buffett buying a stake in IBM, a look back at his teacher Benjamin Graham`s view of the company decades earlier.
http://blogs.wsj.com/totalreturn/2011/11/14/what-buffetts-mentor-thought-of...

The Case Against Shareholder Rights
01/12/2012: WSJ Online: Total Return blog
Does ownership have its privileges?
http://blogs.wsj.com/totalreturn/2012/01/12/the-case-against-shareholder-ri...

Dividends: Start Screaming
10/13/2012: The Wall Street Journal
Get ready for taxes to take a bigger bite out of your dividend income -- and what investors might be able to do about it.
http://jasonzweig.com/online.wsj.com/article/SB10000872396390444657804578052472320753336.html

What Would Graham Say About Goldman?
03/20/2012: WSJ Online: Total Return blog
In the ruckus over conflicts of interest at Goldman Sachs, a look back at the views of Benjamin Graham.
http://blogs.wsj.com/totalreturn/2012/03/20/what-would-graham-say-about-gol...

The 107-Year-Old Stock Picker
12/22/2012: The Wall Street Journal
A profile of Irving Kahn, the oldest surviving student of Benjamin Graham.
http://online.wsj.com/article/SB10001424127887324731304578193323337104806.h...

Other Resources

Berkshire Hathaway shareholder letters

Link to Warren Buffett's annual letters to shareholders, 1977 to date. If you want to learn how to think logically and clearly about all the issues that confront investors -- from inflation to stock options to diversification to index funds to the true meaning of risk -- Buffett's brilliant letters are the first (and often the final) word. He will never steer you wrong, and the learning is free and without obligation.
http://www.berkshirehathaway.com/letters/letters.html

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