Online since 1995. Buy Nortel, Ballard, JDS Uniphase, PMC Sierra or any other technology issue and watch it rise by five to 10 per cent per month.
Life is good.
Then along comes 2000. Graham followed this with The Intelligent Investor in 1954. Warren Buffett, the multi-billionaire chairman of Berkshire Hathaway, attributes his success to the investment philosophy that is detailed in these two books. As simple as this may sound, a value investor chooses stocks as if she was purchasing the whole company, paying little, if any attention to the general trend of the stock market, which political party is in power or what the economic forecasts might be. If the investor comes up with all the right answers and can buy the company for less than its actual future worth, then she has found a bargain.