serenity's blog

Buffett Would Hire Someone Who Understands Graham Over A Top B-School Grad

Warren Buffett said at the Berkshire Hathaway 2018 Annual Shareholders Meeting that he would rather hire someone who truly understands Benjamin Graham's book — The Intelligent Investor — over a top business school graduate.

Benjamin Graham and CFA

Benjamin 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. A likeness of Ben Graham, commissioned by Warren Buffett, adorns the headquarters of the CFA Institute today in Charlottesville, VA.

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."