JEast Posted April 4, 2014 Share Posted April 4, 2014 The Graham investing style over the years has tended to be highjacked into meaning severely depressed stocks or 'net-net' investing alone. I too am guilty of this highjacking in the language I use such as '50¢ dollar' or 'really cheap stock' and leave out some of the quality facets of why I include a stock into a portfolio. The fact is that in most of Graham's writings he actually espoused more quality aspects to investing more so then price as a singular criteria. In Chapter 13 of the Intelligent Investor, Graham defines seven (7) criteria for inclusion of a stock into a portfolio of which five could be be considered quality aspects and only two are price criteria. Attached is nice research paper by Robert Novy-Marx comparing Graham price investing to Graham quality investing. Also included in the report are comparisons of Greenblatt, BlackRock (Sloan), Grantham, and gross profitability styles of investing. Cheers JEast The_Quality_Dimension_of_Value_Investing.pdf Link to comment Share on other sites More sharing options...
frommi Posted April 4, 2014 Share Posted April 4, 2014 Thank you, i love these kind of papers. Link to comment Share on other sites More sharing options...
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