Benjamin Graham: Defensive Investor
Buys by the criteria Benjamin Graham set out for the defensive investor in “The Intelligent Investor”: a market cap of at least 2 billion dollars, debt no higher than equity, positive earnings per share in every available quarter, and a most recent quarter above the oldest one. On price, the rule is a price-to-earnings ratio of 15 at most and, multiplied by the price-to-book ratio, no more than 22.5 — the Graham Number. Graham’s dividend condition is dropped for lack of data, and his ten-year history is approximated with the quarters available. Only shares our own deep-dive analysis rates green are bought — yellow or no analysis at all is not enough. New positions are added four times a year; a share is sold as soon as it no longer meets the criteria or is no longer rated green.
This portfolio buys shares.
- Performance
- 0.00%
- Lead over QQQ
- −0.86%
- Largest drawdown
- 0.00%
- Win rate
- —
- Cash ratio
- 100.0%
- Portfolio value
- $100,000
Performance against the yardsticks
What the portfolio holds
Nothing is held at the moment — the entire capital sits in cash.
The rules of this portfolio
- Buys
- once a quarter
- Sells
- checked every trading day: rating turned red, stop-loss hit, holding period over, or the stock dropped out of the selection.
Every trade with its reason
The complete history of this portfolio, most recent trade first. It is never truncated — it doubles as the recommendation history required by Art. 4(1)(i) of Delegated Regulation (EU) 2016/958.
This portfolio has not traded yet.