How It All Began
When Charles Met Benjamin Graham
While taking a turn managing the front desk of a small brokerage firm in La Jolla, California, a young Charles Brandes met a professorial looking gentleman interested in purchasing shares of electric housewares maker National Presto. As they spoke Charles began to recognize the man; it was Benjamin Graham, the father of value investing and mentor to Warren Buffett.
Charles already possessed the crucial personality traits that would later make him a highly successful and internationally well-known global value investor. His conversations and correspondences with Graham after that chance meeting solidified Charles’ conviction: To be a true value investor he would have to free himself from the pursuit of short-term profits and insulate himself from the industry’s widespread “hot dot” mentality. Inspired by Graham, Charles ventured out and started his own firm in 1974.