This article was co-produced with Dividend Sensei.
Warren Buffett, the greatest investor in history (over 53 years of 20+% CAGR total returns) is famous for his love of contrarian value investing. What’s more some of the man’s biggest winners came in his early days when he proved adept at mastering Benjamin Graham’s (the father of value investing) “cigar butt” style of buying companies at large discounts to book value.
"...if we assume that a very considerable amount of Wall Street activity must inevitably have elements of chance in it, then the sound idea would