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The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of Markets by Charles Morris

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BUFFETT
The year 1984 was the fiftieth anniversary of the publication of what is possibly the most famous investment text in the world: Security Analysis by Benjamin Graham and David Dodd. Since the book was written while the authors were teaching at Columbia, the university celebrated the occasion by sponsoring a symposium pitting Warren Buffett, the best-known exponent of Graham-Dodd theory, against Michael Jensen, then at the University of Rochester and a leading advocate of the Chicago School theories of efficient capital markets.
Graham, the senior figure in the Graham-Dodd pairing, is known as the “the father of modern security analysis.” He had been a Wall Street wunderkind in the 1920s, before seeing his firm nearly wiped out by the ...

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