| | | There are some Graham like stocks around, but they are few and in between. I own some micro caps and Japanese stocks that would qualify.
I don’t think that this was ever solely a “Graham stock” board. Mike Burry, who started this thread never was a pure Grahm style investor. I don’t even think that Graham himself was a pure “Graham stock” investor, maybe at the beginning, but not later. I read that Graham made more money with Geico (in which he bought a oversized position and held on to it) than with most of his other stocks combined. I am guessing that he saw the value of the moat and just let his position roll.
I believe that many stocks here meet value attributes. I think this even applies to GOOG and FB. Growth stocks can be value stocks, but the value lies not in the balance sheet, it lies in the business and possibly management. Those are more intangible than book values or cash and receiveables, but nevertheless very important. If I have one regret in my investment carrier, it would be that I did not put enough weight into quality attributes (both business and management) and sometimes bought the cheaper alternative, when the more expensive one with higher quality would have been the better choice. |
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