xviii Introduction:TheQCulture
a broadened and extended narrative related specifically to the con-
temporary investing environment that Graham obviously can no
longer address and that Buffett can do only in the relatively struc-
tured framewor kof annual shareholder letters.
At all times, the business analysis mind-set is anchored in the
price-value distinction and the margin-of-safety principle, the deep
moorings of the V culture, the deans of which will always be Graham
and Buffett, though I am delighted to be on the faculty.