The Case for Value The widely acknowledged father of value investing was an American academic, investor, and author, Ben Graham, and the widely acknowledged founding text of the discipline is the book he published with David Dodd in 1934: ‘Security Analysis’. Famously, Warren Buffett was a student of Graham at Columbia University in the 1940’s and has turned his value investing credo into one of the greatest fortunes ever. The fundamental tenet of value investing is that value does not equal price. Consequent to that, the market can be beaten. Value investing fundamentally rejects Modern Finance Theory, and the key…