Graham Versus Obama

Barack Hussein Obama never met Ben Graham and probably would not recognize him if he had as Graham was considered to be the father of value investing. Graham believed in sound management practice while Obama is a friend and benefactor of the rent-seeking, lobbyist-flanked, politically-connected type of manager. Graham was firmly convicted that capitalism was the path to prosperity. Ben Graham assumed (at a minimum) fiduciary responsibility. Barack Obama emphasizes campaign contributions that seem to lead inextricably to the quid pro quo. If Barack Obama believes in any kind of capitalism at all, it is the crony-brand of capitalism that he abides alongside his basic socialist impulse. No, Barack Obama abjures Ben Graham and Milton Friedman too.