The ‘Intelligent Investor’ Is Dead, Expert Proclaims: ‘Bitcoin Will Win’ In Times Of ‘Ideological Investors’
Posted On September 3, 2025
The long-standing framework of value investing championed by Benjamin Graham no longer applies in today’s markets, according to Jeff Park, Chief Investment Officer at ProCap BTC.
What Happened: In a post published on Tuesday, Park argued that investors must now navigate a landscape shaped less by financial models and more by ideology, geopolitics, artificial intelligence and culture.
Park described the traditional Graham-inspired approach as “Newtonian investing,” built on tools such as discounted cash flow, WACC, and CAPM, which assumed stability under the Washington Consensus of open trade, deregulation, and fiscal restraint.
“That foundation has now eroded,” he wrote, pointing to the rise of …
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