02 Feb 2017
Capital preservation - the first and foremost rule of investing
By Janice Roberts
Benjamin Graham, the father of value investing, defined an investment operation as “one which, upon thorough analysis, promises safety of principal and an adequate return.” Graham’s concept of safety of principal could easily have been expressed as “capital preservation,” one of the first and foremost rules of investing, says Sihle Lukhele, Institutional Investor Relationship Manager...
