Warren Buffett's way: Investing for the long term

Investment is most intelligent when it is most businesslike.

- The Intelligent Investor by Benjamin Graham

IT is fitting to have a Ben Graham quote open this discussion because I owe so much of what I know about investing to him. I will talk more about Ben a bit later, and I will even sooner talk about common stocks. But let me first tell you about two small non-stock investments that I made long ago. Though neither changed my net worth by much, they are instructive.