Coburn Ventures Podcast #247: Uncommon -- Benjamin Graham & AI
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Nov 13, 2025 Investing requires a flexible mindset to navigate change. Benjamin Graham, a legendary investor, eventually moved away from individual stock analysis, urging adaptation in investment processes. As technology evolves, so must our strategies, with AI emerging as a powerful tool for enhancing insights. The podcast explores how Graham constantly revised his methods, suggesting he would likely embrace modern change. Hosts highlight the importance of using AI not to replace judgment, but to deepen it, ensuring that investors remain dynamic and innovative in their approach.
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Process Must Evolve With Changing Tools
- Investment process must evolve as tools and society change to avoid being left behind.
- Benjamin Graham himself discarded old formulas and updated his methods across decades.
Continuously Revisit Your Team's Process
- Regularly revisit and adapt your team's processes as people, skills, and tools change.
- Treat process as dynamic and redesign it when analysts level up or new technologies emerge.
Flying A Plane For Data Once Worked
- Byron Ween once rented a plane to fly over fields to gather data when public data didn't exist.
- That extreme data edge was brilliant then but would be unnecessary today.
