Benjamin Graham, Father of Value Investing, was @WarrenBuffett'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'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's!! The 2nd Comp. - New York Savold Tires - went from $20 to $60 - WOW!

Seeing that success, massive expansion was warranted. Ben's buddies set up 2 more Savold Tires - OH & PA. The original Savold eventually hit $77+, but eventually all of the Savolds collapsed. BG'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's open more in other states/countries. Forget that the underlying company can'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'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're lucky/smart.

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