Guides
Step-by-step how-tos for applying net-net rules.
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Only act where you can appraise value versus price; skip the rest.
Published: 2025-12-26
graham
competence
risk
analysis
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Two playbooks: defensive (quality + diversification) and enterprising (work + selectivity) with Graham's rules.
Published: 2025-12-26
graham
defensive
enterprising
strategy
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Portfolio size rules for defensive vs. enterprising investors, and how margin of safety influences position size.
Published: 2025-12-26
graham
diversification
sizing
risk
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Why long records of dividends and steady earnings mattered to Graham, and how to use them today.
Published: 2025-12-26
graham
dividends
earnings-stability
quality
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Choose the right anchor: normalized earnings or discounted assets, with Graham-style haircuts.
Published: 2025-12-26
graham
valuation
earnings-power
asset-value
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A Graham-style approach to speculation: separate it, size it, price it with a margin of safety.
Published: 2025-12-26
graham
speculation
risk
discipline
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How Graham defines investment vs. speculation, why the line blurs, and how to keep speculation fenced.
Published: 2025-12-26
graham
investment
speculation
margin-of-safety
discipline
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A Graham-style playbook for pricing, haircuts, and position sizing using margin of safety.
Published: 2025-12-26
graham
margin-of-safety
valuation
risk
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What Graham means by security analysis, why market forecasts are unreliable, and how to anchor decisions on value.
Published: 2025-12-26
graham
security-analysis
market-analysis
intrinsic-value
risk
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How to treat the market as a servant, not a guide—buy from him when cheap, ignore him when dear.
Published: 2025-12-26
graham
volatility
psychology
margin-of-safety
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How to evaluate special situations with Graham's focus on terms, timing, and downside protection.
Published: 2025-12-26
graham
special-situations
workouts
catalyst
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Quick risk checklist for net-net stocks covering balance sheet strength and dilution risk.
Published: 2025-12-20
net-net
risk
microcap
checklist
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Quick risk checklist for net-net stocks covering dilution risk.
Published: 2025-12-20
net-net
risk
microcap
checklist
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Use the golden-goose analogy to reason about recurring cash flows and earning power.
Published: 2025-12-20
earning-power
valuation
cash-flow
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Graham pointed to unpopularity, neglect, and hard-to-understand businesses as drivers of net-net discounts.
Published: 2025-12-20
net-net
valuation
graham