December, 2014

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Ben Graham’s Book Review: “The Intelligent Investor”

Reviews of Ben Graham’s book: “The Intelligent Investor”
Ben Graham’s Stock selection for the defensive investor. Graham lays out some important characteristics of “value” stocks. (p. 348). Some of the metrics are dated, but the principles are still valid. Even deep value investing today would seem like GARP investing to Ben Graham. Investors are now more focused on future earnings than they were in his day, and valuations reflect that. Graham recommends:

a. Adequate size of the enterprise (>$100M revenue, old figure)

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