...I'd like to leave you with a trivia question. Being behind the curve as I am, I watched the Will Smith movie The Pursuit of Happyness for the first time last weekend. I spotted one anachronism in the movie, set in 1981, on first sight.
Here's the question: What was the anachronism?
Here's the answer: When the class for the trainees starts, the teacher/supervisor (played by Dan Castellanetta) hands out copies of Security Analysis...the fifth edition of it. The fifth edition (the "heterodox" one, as it was the only one whose text was not filled with Ben Graham's own writings) was first published in 1988. The only version available in 1981 was the fourth, published in 1962.
The power of incentives
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