“Far from enough has been written about Benjamin Graham, who thoroughly debunked the efficient market hypothesis decades before it was formulated. Joe Carlen's book The Einstein of Money provides a lucid introduction to Graham and his ideas, and as such does investors a real service. Its message is an essential one.”
—Howard Marks, chairman, Oaktree Capital Management
"Benjamin Graham's teachings have stood the test of time. Joe Carlen is wise to recognize this and direct his attention and ours to my mentor's teachings and life story."
—Irving Kahn, CFA, chairman of Kahn Brothers Group, Inc.
“This well-researched book has some wonderful additional personal items about the father of value investing. It also includes a good discussion of the important basic principles of investing as put forth by Ben Graham.”
—Charles H. Brandes, chairman, Brandes Investment Partners, L.P.
“I am heartened by Joe Carlen's book about my namesake, Benjamin Graham. It reminds me that one cannot be an ‘intelligent investor’ without understanding Graham's work.”
—Thomas Graham Kahn, CFA, president of Kahn Brothers Group, Inc.
Warren Buffett has repeatedly acknowledged Benjamin Graham, a man he personally studied and worked under, as the primary influence on his investment approach. Indeed, there is a direct line between the record-shattering investing performance of Buffett (and other value investors) and Graham’s life. In six books and dozens of papers, Graham—widely known as the “Dean of Wall Street”—left an extensive account of an investing system that, as Buffett can attest to, actually works!
In The Einstein of Money, author and business consultant Joe Carlen educates the reader on Graham’s most essential wealth-creation concepts (as selected by Buffett himself), while telling the colorful story of Graham’s amazing business career and his multifaceted personal life. As the author shows, Graham was a brilliant innovator in many areas—from devising a new currency to writing a Broadway play. His complex personality combined impeccable professional ethics with a checkered, even wild, romantic life.
Carlen’s biography distills the best from Graham’s extensive published works (including his candid memoirs, released in 1996) and draws from the author’s interviews with Warren Buffett, Charles Brandes, other top US and global value investors, Graham’s surviving children and friends, and select finance professors and authors. In this manner, The Einstein of Money weaves Graham’s transformational ideas into the narrative of a momentous life and legacy.
Warren Buffett once said, “No one ever became poor by reading Graham.” By the same token, no one will ever become poor, bored, or uninspired by reading Carlen’s lively, informative biography of Benjamin Graham and his time-tested techniques for generating wealth.
Pages: 368 pp (illustrations)
Shipping Weight: 2lbs
Joe Carlen is the cofounder and lead market analyst at Know Thy Market, LLC. He is the coauthor (with Banana Boat™ founder Robert Bell) of the business biography From Lifeguard to Sun King, which was on the Wall Street Journal business book bestseller list.