Resources: Guides, Case Studies, Insights, Glossary

Resources

Learn how to use net-net metrics with quick guides, case studies, short insights, and a glossary of key terms. View all guides ƒ+'

Guides

Circle of Competence - Stay Within What You Can Value
Only act where you can appraise value versus price; skip the rest.
Defensive vs. Enterprising Investor - Graham's Playbooks
Two playbooks: defensive (quality + diversification) and enterprising (work + selectivity) with Graham's rules.
Diversification and Position Sizing - Graham's Guidance
Portfolio size rules for defensive vs. enterprising investors, and how margin of safety influences position size.

Case Study: Microcap Cash vs Liabilities Check
Applying a cash/liabilities rule prevented a net-net loss on ticker XYZ.

EXAMPLE-Liquidity lifted by share issuance
EXAMPLE-Shares up 8% QoQ; current assets up 12% QoQ—liquidity improved via issuance.

Circle of Competence
Operate where you understand the drivers, risks, and values; pass on the rest.
Defensive Investor
Focus on quality companies, moderate prices, and diversification with minimal trading.
Enterprising Investor
Research-intensive approach focusing on bargains, special situations, and small caps with margins of safety.
Market Analysis
Predicting price paths or averages rather than comparing price to intrinsic value.
Mr. Market
Treat market quotes as offers to accept or ignore, not commands to act.