Most Famous Value Investors

Most Famous Value Investors

Benjamin Graham is generally considered the father of value investing. Graham’s Security Analysis, published in 1934, and The Intelligent Investor, published in 1949, established the principles of value investing, including the concept of intrinsic value and establishing a margin of safety.

Apart from two priceless books written by Graham, his most important contribution to value investing was his role in setting the stage for legendary investor Warren Buffett. Buffett studied with Graham at Columbia University and briefly worked at his firm.

As CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Buffett is perhaps the most famous value investor. Buffett got his start in value investing at the age of 20 and used the strategy to generate huge returns for investors in the 1960s before taking control of Berkshire in the 1970s.

However, the influence of Charlie Munger, vice chairman of Berkshire and Buffett’s investment partner for many decades, and Buffett’s evolution as an investor, changed Buffett’s strategy. Instead of just buying undervalued assets, Buffett switched to looking for high-quality businesses at a reasonable cost.