![]() However, it does seek to properly position Graham’s achievements within a more comprehensive timeline. He deserves credit for documenting multiple value investing techniques that have guided the decisions of many of America’s most successful investors. In fairness, this paper does not seek to diminish Graham’s contributions to the investment profession. In contrast, Graham embraced value investing only after narrowly avoiding financial ruin after levering his portfolio prior to the Great Crash of 1929. Further, Green developed these principles instinctively at an early age, enabling her to thrive during several market panics that ruined many of her male contemporaries. Before Graham was even born, a woman by the name of Hetty Green used these principles to tame the wild markets of the Gilded Age and establish herself as the richest woman in America. However, contrary to conventional wisdom, Graham was not the first American to apply the principles of value investing. ![]()
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