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  • The Einstein of Money

  • The Life and Timeless Financial Wisdom of Benjamin Graham
  • By: Joe Carlen
  • Narrated by: Walter Dixon
  • Length: 10 hrs and 23 mins
  • 4.6 out of 5 stars (12 ratings)

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The Einstein of Money

By: Joe Carlen
Narrated by: Walter Dixon
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Summary

"Even in 2012, Ben Graham is still a hero to me" - Warren Buffett (from the author's interview with Buffett for The Einstein of Money)

Warren Buffett has repeatedly acknowledged Benjamin Graham, a man he personally studied and worked under, as the primary influence on his investment approach. Indeed, there is a direct line between the record-shattering investing performance of Buffett (and other value investors) and Graham's life. In six books and dozens of papers, Graham—widely known as the "Dean of Wall Street"—left an extensive account of an investing system that, as Buffett can attest to, actually works!

In The Einstein of Money, author and business consultant Joe Carlen educates the listener on Graham's most essential wealth-creation concepts (as selected by Buffett himself), while telling the colorful story of Graham's amazing business career and his multifaceted personal life. As the author shows, Graham was a brilliant innovator in many areas—from devising a new currency to writing a Broadway play. His complex personality combined impeccable professional ethics with a checkered, even wild, romantic life.

Carlen's biography distills the best from Graham's extensive published works (including his candid memoirs, released in 1996) and draws from the author's interviews with Warren Buffett, Charles Brandes, other top US and global value investors, Graham's surviving children and friends, and select finance professors and authors. In this manner, The Einstein of Money weaves Graham's transformational ideas into the narrative of a momentous life and legacy.

Warren Buffett once said, "No one ever became poor by reading Graham." By the same token, no one will ever become poor, bored, or uninspired by listening to Carlen's lively, informative biography of Benjamin Graham and his time-tested techniques for generating wealth.

©2012 Joe Carlen (P)2012 Gildan Media LLC
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Critic reviews

“Far from enough has been written about Benjamin Graham, who thoroughly debunked the efficient market hypothesis decades before it was formulated. The Einstein of Money provides a lucid introduction to Graham and his ideas, and as such does investors a real service. Its message is an essential one.” (Howard Marks, chairman, Oaktree Capital Management)

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Enjoyable and informative.

I don't consume very many biographies, but I enjoyed this one. The author weaves together a narrative of Graham's life, with explanations of his principle writings on business and economics in way that is absorbing whether or not you are familiar with the value investing school he founded. There are plenty of contributions by value investing practitioners such as Warren Buffett which help to illustrate how the system may be applied in practice as well as in theory.

It's fortunate that this book was written when it was, as so many of Graham's friends, colleagues, acquaintance and family were very elderly when they were interviewed. And they give colour to the portrait of a man of undoubted intellect, but also of some complexity. His exemplary integrity in his business dealings was a curious contrast with his sometimes selfish disregard for the feelings of his wives and children. And the sober respectability of his work in business and academia, with his frequently turbulent, sometimes tragic, and rather scandalous private life.

The only slight criticisms that might be levied are the authors evident affection for his subject (which to be fair is hard to avoid when studying an individual in such depth), and the really rather tedious chapter listing various organizations that have applied Graham's principles.

The narrator is perfectly acceptable.

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