A lifelong investment professional, J. Royden Ward applies his 40 years of investment research, portfolio management, writing and publishing experience to his role as analyst and editor of Cabot Benjamin Graham Value Letter (http://www.cabot.net/). The Cabot Benjamin Graham Value Letter is directed to long-term investors seeking a guide to profitable value investing based on the time-tested systems originally developed by Benjamin Graham. A second-generation disciple of Benjamin Graham, Roy in 1969 pioneered the development of a computerized model that applied the formulas developed by Graham using a unique ranking system. Today, Roy applies his system to two models in the Value Letter. Since inception in 1996, Roy's Wise Owl Model has achieved a compound annual return of 16%, and since inception in 2003, Roy's Classic Benjamin Graham Value Model achieved a compound annual return of 22.4%. Prior to joining Cabot, Roy directed all facets of the investment divisions for several financial planning/investment advisor organizations and successfully managed and monitored the performance of 300 individual accounts for investors using stocks, bonds and mutual funds. Roy is a Registered Investment Advisor and holds a B.S. in Business Administration with a major in Finance and Investments from Babson College in Wellesley, MA. Visit The Iconoclast Investor (http://www.iconoclast-investor.com/)