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Benjamin Graham - From Immigrant Kid to Father of Value Investing

Here is something that always hits me hard. There was a moment when a young boy walked into a bank to cash a check for his mother, and the teller looked at him and asked, “Is Dorothy Grossbaum good for five dollars?” That boy was Benjamin Graham. He was maybe ten years old. His family had gone from having servants on upper Fifth Avenue to absolute poverty in just a few years. And that humiliation – standing there in front of a bank teller who questioned whether your mother could be trusted with five dollars – that burned into his brain forever.