When it comes to picking the best investment options, the answer is more than elementary, argues Alastair Mundy, portfolio manager of the Investec UK Special Situations fund.
Discovering that Benjamin Graham, 'the father of value investing', was a growth investor at heart is a bit like hearing Roger Federer prefers to play his tennis on clay rather than grass. While fund manager Fred Martin does not quite go to this extreme in his claims, his book Benjamin Graham and the power of growth stocks makes it clear Graham spent some time trying to figure out how to value stocks in the sexier parts of the market. Martin reveals that in the 1962 edition of Security Analysis, Graham included a chapter entitled 'Newer methods for valuing growth stocks'. To put a Hol...
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