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To: Knighty Tin who wrote (102801)	2/19/1999 9:38:00 AM
From: edamo	Read Replies (2) \| Respond to of 176387

i don't think graham ever canned buffett...graham's investment style was what buffett built his foundation on...but buffett had the vision to see that the dynamics of graham's era had changed...graham wanted everything to be a quantitive bargain...application of such a pure concept hasn't existed in a long while...buffett looks at a quantitive bargain in terms of future streams of cash flow...graham wrote the bible, buffett the new testament... today, business schools reward complex behavior more than simple behavior, but simple behavior is always more effective....that is the reason why most fail in their investments...can't see the forest for the trees....obfuscated by numbers...miss out on the basic business dynamic that even a simple man as i can and do embrace...good luck!