In the preface to The Intelligent Investor, Benjamin Graham writes, For indeed, the investor=s chief problem-and even his worst enemy-is likely to be himself. (The fault, dear investor, is not in our stars--and not in our stocks--but in ourselves. . . .) Graham was a mentor to the legendary investor Warren Buffett, CEO of Berkshire Hathaway.

a) Evaluate the validity Grahams comments as a committed rationalist. Show your understanding of the rationalist paradigm in your comments. (7 points)

b) Evaluate the validity Grahams comments as a committed behavioralist. Show your understanding of the behavioralist paradigm in your comments. (7 points)