Graham's Defensive Investor Screens: An Intrinsic Approach for Stormy Times
The roots of modern day value investing are often traced back to Benjamin Graham.
Graham’s own approach to investing focused on the concept of an intrinsic value that is justified by a firm’s assets, earnings, dividends, and financial strength. Focusing on this value, Graham felt, would prevent an investor from being misled by the misjudgments often made by the market during periods of extreme euphoria or deep pessimism.
In this article
- Graham’s Philosophy: Value & Margin of Safety
- Defensive Investors
- Graham Defensive Screens
- Screen Performance
- Overview of Passing Firms
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For stock investors seeking an approach to guide them through today’s stormy markets, Graham’s screens for defensive investors are worth a closer look.
Graham’s Philosophy: Value & Margin of Safety
Graham felt that it was difficult for individual investors to “beat the market” just by finding stocks that will grow faster than the overall long-term market average.
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