Benjamin Graham, Father of Value Investing, was @WarrenBuffett& #39;s teacher and mentor. His book "The Intelligent Investor" is one that is read and loved by millions. But did you know that Mr. Graham got himself caught investing in a stock scam?
BG was an early investor in Savold Tires. A company that specialized in retreading automobile tires. The company started at $10, and quickly rose to $37. Big Money back in the 1920& #39;s! The syndicate that started Savold decided after the success of the initial IPO, that they....
...needed to form another Savold Tire company. That Savold would be too big as 1 unit and needed more local Savold companies by state. Bonus being more companies, MOAR IPO& #39;s!! The 2nd Comp. - New York Savold Tires - went from $20 to $60 - WOW!
Seeing that success, massive expansion was warranted. Ben& #39;s buddies set up 2 more Savold Tires - OH & PA. The original Savold eventually hit $77+, but eventually all of the Savolds collapsed. BG& #39;s investors were eventually able to retrieve 1/3 of their investment in the scam.
So why bring that up? Because obviously it reminds me of #Tesla with its factories. If 1 factory was good for the stock, then let& #39;s open more in other states/countries. Forget that the underlying company can& #39;t support the growth or share price.
Also I bring it up because so many RobinHood investors are going to be left shaking their heads and saying no one could have seen this play out. However, as I spend several weeks SPIKING THE BALL I& #39;ll remind them that the smart money knew.....
....but that even Legendary Investors like Benjamin Graham have been bagholders at some time. $TSLA will be their only one if they& #39;re lucky/smart.

If you want to read more about BG and Savold Tire, here& #39;s a link. Enjoy:
https://www.cfainstitute.org/-/media/documents/book/rf-publication/1977/rf-v1977-n1-4731-pdf.ashx">https://www.cfainstitute.org/-/media/d...
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