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  • Investing For Beginners With Benjamin Graham [View article]
    Thank you, Drvenikmerlot!

    Graham's 17-point stock selection framework is a system of checks and balances designed to analyze any equity based investment (regardless of industry).

    So stocks from sectors with lower Earnings are required to have more Assets, and vice versa.
    Stocks of poorer quality - or of questionable history - are required to provide a greater "Margin of Safety" by way of Assets and Earnings.

    REITs are inherently equity based instruments, with all the same risks that come with buying stocks.
    So they should be evaluated by Graham's 17-point framework just the same as any other stock.

    REITs don't generally score too well on the Graham framework and that's probably to be expected because businesses have historically been better investments than real estate (or anything else, for that matter).

    The biggest draw of REITs appears to be the combination of high dividends and price volatility.
    REITs are therefore seen as a great avenue for small scale speculation in real estate.

    Graham has always been very clear that speculation is never a feasible long-term strategy.
    Nov 26, 2014. 03:29 PM | 2 Likes Like |Link to Comment
  • General Mills, Inc. Dividend Stock Analysis [View article]
    Before being checked against the Graham Number, Benjamin Graham required that a stock first meet six other qualitative criteria.

    For example, given below are all Graham ratings for General Mills Inc (GIS).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    General Mills Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 3,554.00%
    Current Assets ÷ [2 x Current Liabilities]: 40.60%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 137.12%
    Graham Number ÷ Previous Close: 47.36%

    Warren Buffett once wrote an article describing how Benjamin Graham's principles are everlasting, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    But most of what Graham actually taught has been forgotten today, and things he warned against are often attributed to him instead.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks today; with no adjustments other than those for inflation.
    Nov 26, 2014. 02:19 PM | Likes Like |Link to Comment
  • How To Buy A Few Premium REITs That Deliver Something Special [View article]
    Thank you, charliezap.

    Again, as stated in that discussion, no one is saying that all stocks not clearing Graham's rules are bad investments. The question is how to get the "best" long-term results.

    Warren Buffett - and Graham's other phenomenal protégés - have always recommended Graham's principles.

    Warren Buffett once wrote an article describing how Benjamin Graham's principles are everlasting, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    He ended it saying:

    "Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper."

    Serenity is built on the assumption that Buffett is right, and that Graham's principles are everlasting.

    http://seekingalpha.co... shows how anyone can screen 5000+ NYSE and NASDAQ stocks today, by a full 17-point Benjamin Graham assessment.

    Thank you.
    Nov 25, 2014. 02:08 PM | Likes Like |Link to Comment
  • How To Buy A Few Premium REITs That Deliver Something Special [View article]
    Hello Brad Thomas,

    As you must know, Benjamin Graham actually recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified very precise Qualitative and Quantitative rules for each category.

    None of these stocks actually clear any of Graham's sets of rules completely.

    For example, given below are the actual Graham ratings for Realty Income Corporation (O).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Realty Income Corporation - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 155.68%
    Current Assets ÷ [2 x Current Liabilities]: 17.22%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 70.66%
    Graham Number ÷ Previous Close: 46.40%

    In fact, of the 5000+ NYSE and NASDAQ stocks on Serenity's database, the "only" REIT that clears a full 17-point Graham assessment is Income Opportunity Realty (IOT). IOT completely clears Graham's NCAV criteria.

    Some other REITs that come close are:
    Universal Health Realty Income Trust (UHT)
    Getty Realty Corp (GTY)
    Acadia Realty Trust (AKR)
    Piedmont Office Realty Trust Inc (PDM)
    SL Green Realty Corp (SLG).

    Given below are the Graham ratings for Getty Realty Corp.
    Sales | Size (100% ⇒ $500 Million): 20.49%
    Current Assets ÷ [2 x Current Liabilities]: 77.13%
    Net Current Assets ÷ Long Term Debt: 22.59%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 95.00%
    Earnings Growth (100% ⇒ 30% Growth): 41.89%
    Graham Number ÷ Previous Close: 89.69%

    The Graham rating that most REITs seem to fall short on is the third one: Net Current Assets ÷ Long Term Debt.
    On the other hand, there are quite a few non-REIT stocks that completely clear a full Graham assessment

    What would your thoughts on this be?

    Graham's framework is designed to analyze any equity based investment (regardless of industry).
    So stocks with lower Earnings are required to have more Assets. Stocks of poorer quality or questionable history are required to provide a greater "Margin of Safety" by way of Assets and Earnings.

    So do you think that clearing the Graham rules makes the other stocks better investments than REITs?
    Or do you think REITs are structurally different from other equity based investments and should be analyzed differently?

    Thank you.
    Nov 25, 2014. 10:50 AM | Likes Like |Link to Comment
  • Texas Instruments: Another Quietly Emerging Dividend Growth Powerhouse Story [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are the actual Graham ratings for Texas Instruments Inc (TXN).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Texas Instruments Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 2,442.00%
    Current Assets ÷ [2 x Current Liabilities]: 145.96%
    Net Current Assets ÷ Long Term Debt: 126.79%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 101.88%
    Graham Number ÷ Previous Close: 38.23%

    Texas Instruments Inc ranks very highly by Graham's qualitative rules, but exceeds Graham's quantitative limits.

    Warren Buffett once wrote an article describing how Benjamin Graham's long record of tutoring exceptional investors (such as Buffett himself) is irrefutable. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how anyone can screen 5000+ NYSE and NASDAQ stocks today, by a full 17-point Benjamin Graham assessment.
    Nov 24, 2014. 03:35 PM | Likes Like |Link to Comment
  • Fluor: Industrial Construction Company Getting Rave Reviews [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are the actual Graham ratings for Fluor Corporation (FLR).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Fluor Corporation - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 5,470.00%
    Current Assets ÷ [2 x Current Liabilities]: 88.10%
    Net Current Assets ÷ Long Term Debt: 522.86%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 65.00%
    Earnings Growth (100% ⇒ 30% Growth): 197.61%
    Graham Number ÷ Previous Close: 60.42%

    Fluor Corporation ranks well by Graham's qualitative rules, but exceeds Graham's quantitative limits.

    Warren Buffett once wrote an article describing how Benjamin Graham's long record of tutoring exceptional investors (such as Buffett himself) is irrefutable. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how anyone can screen 5000+ NYSE and NASDAQ stocks today, by an exact 17-point Benjamin Graham assessment.
    Nov 24, 2014. 03:26 PM | 1 Like Like |Link to Comment
  • Dividend Aristocrats In Focus Part 41: Abbott Laboratories [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are the actual Graham ratings for Abbott Laboratories (ABT).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Abbott Laboratories - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 4,370.00%
    Current Assets ÷ [2 x Current Liabilities]: 101.23%
    Net Current Assets ÷ Long Term Debt: 287.49%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 120.46%
    Graham Number ÷ Previous Close: 71.06%

    Abbott Laboratories ranks very highly by Graham's qualitative rules, but exceeds Graham's quantitative limits.

    Warren Buffett once wrote an article describing how Benjamin Graham's long record of tutoring exceptional investors (such as Buffett himself) is irrefutable. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how one can screen 5000+ NYSE and NASDAQ stocks today by an exact 17-point Benjamin Graham assessment.
    Nov 24, 2014. 03:16 PM | 1 Like Like |Link to Comment
  • Recent Buy - Deere & Co. [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are the actual Graham ratings for Deere & Company (DE).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Deere & Company - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 7,560.00%
    Current Assets ÷ [2 x Current Liabilities]: 102.61%
    Net Current Assets ÷ Long Term Debt: 107.17%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 204.63%
    Graham Number ÷ Previous Close: 82.40%

    Deere & Company ranks very highly by Graham's qualitative rules, but exceeds Graham's quantitative limits (marginally).

    Warren Buffett once wrote an article describing how Benjamin Graham's long record of tutoring exceptional investors (such as Buffett himself) is irrefutable. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how one can screen 5000+ NYSE and NASDAQ stocks today by an exact 17-point Benjamin Graham assessment.
    Nov 24, 2014. 03:13 PM | Likes Like |Link to Comment
  • Mattel's Yield Is More Than Just Fun And Games [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are the actual Graham ratings for Mattel Inc (MAT).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Mattel Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 1,296.00%
    Current Assets ÷ [2 x Current Liabilities]: 161.26%
    Net Current Assets ÷ Long Term Debt: 145.66%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 136.44%
    Graham Number ÷ Previous Close: 69.88%

    Mattel Inc ranks very highly by Graham's qualitative rules, but exceeds Graham's quantitative limits.

    Warren Buffett once wrote an article describing how Benjamin Graham's long record of tutoring exceptional investors (such as Buffett himself) is irrefutable. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how one can screen 5000+ NYSE and NASDAQ stocks today by an exact 17-point Benjamin Graham assessment.
    Nov 24, 2014. 03:06 PM | Likes Like |Link to Comment
  • ModernGraham Quarterly Valuation Of Facebook Inc. [View article]
    The ModernGraham website lists the following formula as one of the evaluation methods it uses:
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave several warnings about this formula and only used it to demonstrate why oversimplified growth estimates are unreliable. But due to a printing omission in recent editions of The Intelligent Investor, this formula is used often today instead of Graham's actual (and more thorough) methods.

    Article 1: http://seekingalpha.co... discusses the issue in detail.

    Warren Buffett once wrote an article describing how Benjamin Graham's long record of mentoring exceptional investors (such as Buffett himself) is irrefutable. The article is called "The Superinvestors of Graham-and-Doddsville".

    Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    But most of what Graham actually taught has been forgotten today, or is applied incorrectly.

    For example, note another criterion used in the above article:
    "Adequate Size of Enterprise - market capitalization of at least $2 billion."

    Graham actually recommended "Not less than $100 million of annual sales" for this criterion.

    Checking for market capitalization instead will - all other things being equal - rate overvalued stocks better than undervalued ones. Other rules mentioned here too - such as dividend record, and PE & PB ratios - are all very different from what Graham actually recommended.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He spent nearly 50 years developing, backtesting and refining the investment framework that has withstood the test of time, and has been endorsed by some of the world's most successful investors. Modifying Graham's rules so heavily thus seems very ill-advised.

    Given below are the actual Graham ratings for Facebook Inc (FB), with no modifications other than adjustments for inflation.

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Facebook Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 1,574.00%
    Current Assets ÷ [2 x Current Liabilities]: 594.09%
    Net Current Assets ÷ Long Term Debt: 100.00%
    Earnings Stability (100% ⇒ 10 Years): 30.00%
    Dividend Record (100% ⇒ 20 Years): 0.00%
    Earnings Growth (100% ⇒ 30% Growth): 0.00%
    Graham Number ÷ Previous Close: 9.84%

    Article 2: http://seekingalpha.co... shows how one can screen 5000+ NYSE and NASDAQ stocks, by a similar unaltered Benjamin Graham assessment.
    Nov 23, 2014. 11:52 AM | 3 Likes Like |Link to Comment
  • Is Exxon Mobil Stock A Buy Right Now? [View article]
    Thank you again for an interesting comment, charliezap!

    In the "An hour with Mr. Graham" interview in 1976, Graham says:

    "The thing that I have been emphasizing in my own work for the last few years has been the group approach. To try to buy groups of stocks that meet some simple criterion for being undervalued-regardless of the industry and with very little attention to the individual company.................. I found the results were very good for 50 years. They certainly did twice as well as the Dow Jones. And so my enthusiasm has been transferred from the selective to the group approach."

    Graham evolved the approach of applying the same criteria - regardless of the industry or business model - over a period of decades as an improvement to more complicated methods of stock analysis.
    Nov 22, 2014. 04:47 PM | Likes Like |Link to Comment
  • Intel Investor Meeting Generates Big News [View article]
    Hello Rich,

    Thank you for your comment!

    Munger's influence on Buffett has been discussed often. In fact, Munger has even made some unflattering comments about Graham.

    But Buffett himself has always credited Graham for his investment framework. Serenity's analyses are based on what Buffett has said about Graham, and on what Graham taught.

    Incidentally, Warren Buffett's timeline mentions:
    "1983: Berkshire begins the year at $775 per share, and ends at $1,310. Warren's personal net worth is $620 million."

    He wasn't a billionaire in 1984 but he was close.
    In fact, when adjusted for inflation, $620 million in 1983 evaluates to about $2.5 billion.
    Nov 21, 2014. 04:28 PM | Likes Like |Link to Comment
  • ModernGraham Annual Valuation Of American Electric Power Company Inc. [View article]
    The ModernGraham website lists the following formula as one of the evaluation methods it uses:
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave the following warnings about this formula:
    1. "Warning: This material is supplied for illustrative purposes only".
    2. "Let the reader not be misled into thinking that such projections have any high degree of reliability".
    3. "Note that we do not suggest that this formula gives the “true value” of a growth stock".

    Graham only used this formula to demonstrate why oversimplified growth estimates are unreliable. But due to a printing omission in recent editions of The Intelligent Investor, this formula is often used today instead of Graham's actual (and more thorough) methods.

    Article 1: http://seekingalpha.co... discusses the issue in detail.

    Warren Buffett once wrote an article describing how Benjamin Graham's principles are everlasting, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    But most of what Graham actually taught has been forgotten today, and things he warned against are often attributed to him instead. The above formula is just one example. Even when Graham's recommended methods are used, they are heavily modified - often beyond recognition - to clear the stocks, rather than having stocks clear them.

    For example:
    "Adequate Size of Enterprise - market capitalization of at least $2 billion."

    Graham actually recommended "Not less than $100 million of annual sales" for this criterion. Checking for market capitalization instead will - all other things being equal - rate overvalued stocks higher than undervalued ones.

    Even the other rules mentioned here - such as dividend record, and PE & PB ratios - are all very different from what Graham actually recommended.

    Given below are the actual Graham ratings for American Electric Power (AEP).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    American Electric Power - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 3,072.00%
    Current Assets ÷ [2 x Current Liabilities]: 35.26%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 96.97%
    Graham Number ÷ Previous Close: 88.02%

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    Article 2: http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 21, 2014. 03:30 PM | 1 Like Like |Link to Comment
  • Mattel Has Huge Margin Of Safety For Dividend Investors [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for Mattel Inc (MAT).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Mattel Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 1,296.00%
    Current Assets ÷ [2 x Current Liabilities]: 161.26%
    Net Current Assets ÷ Long Term Debt: 145.66%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 136.44%
    Graham Number ÷ Previous Close: 69.88%

    Mattel Inc ranks very highly by Graham's qualitative rules, but exceeds Graham's quantitative limits.

    Warren Buffett once wrote an article describing how Graham's principles are everlasting, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 21, 2014. 03:09 PM | 2 Likes Like |Link to Comment
  • Intel Investor Meeting Generates Big News [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham emphasized that the secret of sound investment was the "Margin of Safety". He recommended various categories of stocks - Defensive, Enterprising and NCAV - and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for Intel Corp (INTC).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Intel Corp - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 10,542.00%
    Current Assets ÷ [2 x Current Liabilities]: 118.23%
    Net Current Assets ÷ Long Term Debt: 140.65%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 95.00%
    Earnings Growth (100% ⇒ 30% Growth): 143.72%
    Graham Number ÷ Previous Close: 68.85%

    Intel Corp ranks very highly by Graham's qualitative rules, but exceeds Graham's quantitative limits.

    Warren Buffett once wrote an article describing how Graham's principles are everlasting, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 21, 2014. 03:02 PM | Likes Like |Link to Comment
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