6/29/2023 0 Comments The intelligent investor graham![]() ![]() Graham presented an investment approach specifically for utilities and industrials but suggested that additional sectors such as financials could also be selected using these criteria. Graham’s analysis for the defensive investor is divided into primary industry sectors. ![]() Graham outlined a set of criteria that helps the investor select securities offering a minimum level of quality in terms of past performance and current financial position, as well as a minimum level of quality in terms of earnings and assets per dollar of share price. ![]() This commentary focuses on the defensive investor approach. He also suggested that aggressive investors avoid new issues. Graham believed aggressive investors could expand their universe substantially, but purchases should be attractively priced as established by intelligent analysis. Graham felt that the defensive investor should confine their holdings to the shares of important companies that are in strong financial condition with a long record of profitable operations. ![]()
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