“Graham’s wonderful sentence is an investor needs only two things: cash and courage. Having only one of them is not enough.” -Seth Klarman-

There has long been the debate of which style of investing is more beneficial to the end investor.  As you will see in the Growth and Value Investing presentation it depends on where you are at in the market cycle and how much risk you are willing to take.

There are many distinguished investors on both sides of the aisle. Benjamin Graham is widely regarded as the “Father of Value Investing.” Grham’s most notable protégé is none other than Warren Buffet. Thomas Rowe Price, Jr., founder of T. Rowe Price, is considered the “Father of Growth Investing.” Another well known investor, Peter Lynch, sought to marry the two styles, forming a hybrid model, known as Growth at a Reasonable Price (GARP).

 

 

 

 

 

 

Seth Klarman is the CEO and Portfolio Manager of the Baupost Group