Ben Graham Portfolio at Top of The Charts

I always find it interesting to look at the guru portfolios I run on Validea, and ask the question “what is working” now? Over the last month, in a period where the S&P is up 0.4%, 11 out of Validea’s 13 portfolios have outperformed. The best performer is my Ben Graham strategy, up 9.4%. Incidentally, the Graham portfolio is also the best long term performer (up 89.3 percent vs. -12.9% for the S&P since July 15, 2003). The table below shows the performance of the 10-stock portfolios I run over the last 30 days. In looking at the specifics, Graham’s […]

Looking Back at Benjamin Graham’s Lectures – 1946 & 1947

Diehard value investors will appreciate the transcripts of lectures featured in “The Rediscovered Benjamin Graham: Selected Writings of the Wall Street Legend,” by Janet Lowe. Posted on John Wiley & Sons’ web site, the “lectures are from the series entitled Current Problems in Security Analysis that Mr. Graham presented at the New York Institute of Finance from September 1946 to February 1947.” A special thanks to Todd Sullivan (find him at http://valueplays.blogspot.com) for posting these lectures and bringing them to our attention.

Royce on Long-Term Possibilities, More Bank Closures, and Margin of Safety

Chuck Royce, chief investment officer of The Royce Funds, tells Forbes.com that he sees “tremendous” possibilities in the stock market over the next three to five years, and says that America will make it through the current financial crisis and have a “wonderful” future. “I think that we are a major — we can’t forget this — we’re a major world power,” Royce told Steve Forbes. “And although the dollar has definitely had its issues over the last 10 years, I think the dollar will continue to be a major currency, even if it declines. That it’s reserve currency status […]