Did Graham Insist on a Sure Thing?

It is too strong to say that Graham insisted on a sure thing, but he clearly wasn't much of a risk taker.

In his own words, "From the first we wanted to make sure that we were getting ample value for our money in concrete, demonstrable terms. We were unwilling to accept the prospects and promises of the future as compensation for a lack of sufficient value in hand."

Graham is proof that successful investment need not be risky investment.