# The Rediscovered Benjamin Graham Lectures from 1946/47

### Ben Graham's 10-part lecture series he gave to a group of students in 1946, intending to update the teachings of the 1940 edition of Security Analysis.

In 1946, Ben Graham would begin a series of 10 lectures to a classroom of pupils based on a course called *Current Problems in Security Analysis. *His intention was to inform his audience about the techniques of security analysis, and also to update his thoughts from his recent book, *Security Analysis*, published six years prior. Many know Graham as the mentor to Warren Buffett, who states that his investing style is 85% Graham and 15% Phil Fisher. While Fisher was regarded as an investor who helped others to recognise the value of *qualitative* analysis, Graham’s teachings are known to be firmly placed in the field of *quantitative* analysis. You may not be a pupil of Graham’s philosophies, I certainly am not, but the lectures make for an entertaining and insightful read nonetheless.

The full transcript, some 73 pages in total, was too long to reproduce in Substack, so I have taken the liberty of compiling each of the lectures into one Google Doc, which you may download as a PDF if you wish…