As the stockholders formally voted Graham-Newman out of existence, an investor named Lou Green offered an ironic eulogy. Green, the head of a Manhattan brokerage, averred that Graham had made “one big mistake”—that of failing to develop talent. Laying it on the line, Green elaborated: “Graham-Newman can’t continue because the only guy they have to run it is this kid named Warren Buffett. And who’d want to ride with him?”
