Benjamin Graham, Warren Buffett's mentor, was the original advocate for the Chartered Financial Analyst program.
Benjamin Graham
In the 1988 preface to 5th edition of Graham's book, Security Analysis, his former co-author David Dodd explains how Graham was the original inspiration and advocate for the CFA Institute.
Graham originated the idea of a certification process for financial analysts, which was then formally proposed and approved by the New York Society of Security Analysts.
Today, a likeness of Ben Graham — commissioned by Warren Buffett — adorns the headquarters of the CFA Institute in Charlottesville, VA.
Financial Analysis
The CFA Institute defines financial analysis as "The process of examining a company's performance in the context of its industry and economic environment in order to arrive at a decision or recommendation".
This definition of financial analysis by the CFA Institute is also the fundamental objective of the framework of the visionary who recommended its creation.
Buffett about Graham
Son named after Graham
"Absolutely" valid in 2018
In the 2018 Balance of Power interview for Bloomberg Markets, Warren Buffett says yet again:
"The principles [of investing] haven't changed at all... It's exactly what Ben Graham wrote in 1949."
Submitted by GrahamValue. Created on Saturday 5th May 2018. Updated on Tuesday 21st December 2021.