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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (27864)	8/22/2007 9:08:16 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78758

As far as I know, when Dr. Graham sold, he sold out completely, the stock price meeting his objective. I did not know he kept stub remainders (what you call cigar-butts.) I assume if the stock price declined again while other factors for the stock (the business numbers) remained okay, he would buy back the position if the stock were to drop down enough to hit his buy point again. Somebody please confirm or correct if they are current on Dr. Graham's methods. ---- If I recall right, there could be an argument made that Dr. Graham made his real money - his real big bucks - through his affiliation with GEICO. At some point he became acquainted with management, and they put him on the board of directors. I believe he was wanting to sell his GEICO shares (and maybe did sell some), but he felt he couldn't sell all as a board member, so he held them (most or maybe it was all), and over time his holding of these shares made the big impact to his wealth.