May 14, 2010 View Comments
Benjamin Graham: No Mathematical Relationship between Yield and Risk
I am traveling at the moment, so posting might be a bit less frequent than usual.
My friend Sean has been reading the 1940 edition of Security Analysis. He pointed out to me that some of Benjamin Graham’s writings are still relevant today. Here is one in particular, where you can almost see why Graham would have never gotten behind an idea like credit default swaps:
Benjamin Graham: No Mathematical Relationship between Yield and Risk
Click on the link to head over to Google Books where you can scroll down and read the rest of the passage. I highly recommend it.
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