> No one follows Grahams methodologies because you can't raise money doing it. Or because they're old and beat to death and don't work anymore? They used to wo

> No one follows Grahams methodologies because you can't raise money doing it. Or because they're old and beat to death and don't work anymore? They used to work and that's where Buffett started. > Riches on wall street come from fees on other peoples money Yes, that's mostly true, which is what I said (I said, "most rich finance people made it from commissions of some form or another, not market gains.") > And as far as "avoid psychopaths in management" that's actually nearly opposite Buffett's real philosophy, No, it's really not. > which is "you want to own a business any fool can run, because sooner or later a fool will be running it". Didn't Peter Lynch say that? It's a good quote though; I've certainly used it. My favorite Buffett quote is "Risk comes from not knowing what you're doing." Also "Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down" The guy has said lots of interesting things and is worth learning more about if you're even tangentially interested in business and investing.