I just watched this on PBS. It is available for free online.
Basically a year in the life of the financial markets. It talks about the freezing credit markets and Lehman but focuses mainly on the BAC/MER deal and why things happened, how the gov't forced the hand of 9 financial institutions and why BAC did not invoke the Material Adverse Change clause (gov't hinting that they would not make life easy for BAC).
The Strategy of Ben Graham – Warren Buffett’s Mentor
From 1923 to 1957 Warren Buffett’s mentor, Ben Graham, followed a strategy of investing in net-nets. He said: “It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets alone…the results should be quite satisfactory. They were so in our experience, for more than 30 years.”
Today net-nets are rare. They are collected under GuruFocus’ Net-Net Screener. GuruFocus also publishes a monthly newsletter which recommends the safest net-nets. All of these are included in GuruFocus Premium Membership.
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