A portfolio consisting of 15 stocks which are selected using Benjamin Graham’s Stock Selection Criteria for the Defensive Investor (Graham, B., The Intelligent Investor, Chapter 14) delivers market-beating average annual returns with lower volatility than the market. The following figure describes a simulation of the portfolio’s performance over a period of 18 years, from June 30th, […]
Archives for October 2017
Deep Value Quantitative Strategy – Why It Works
Investing in Deep Value is simple. Just find the securities with the lowest valuation multiples in the market, and build a well-diversified portfolio. You can choose any valuation multiple of your likings, may it be Price/Book, Price/Earning, EV/Sales, EV/EBITDA or Price/Cashflow. The chances are that over time, the portfolio will do well, very well. But as we’ll […]