Benjamin Graham’s Clever Idea for Averting Currency Wars
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Feb. 28 (Bloomberg) -- Benjamin Graham is rememberedprimarily as the father of value investing, and as the formerprofessor, employer, friend and investing mentor of WarrenBuffett. Yet Graham did a lot more than dispense soundinvestment advice.
For one thing, he developed a subtle and clever idea forstabilizing currencies -- and economies -- that might bearcloser examination today. He called it the commodity reservecurrency.