Speed handicappers

There are speed handicappers and class handicappers. The speed handicapper says you try and figure out how fast the horse can run. A class handicapper says a $10,000 horse will beat a $6,000 horse. (Ben) Graham says, “Buy any stock cheap enough, and it will work.” That was the speed handicapper. And other people said, “Buy the best company, and it will work.” That’s class handicapping.