Graham Or Growth

Graham Or Growth My best recommendation in 2019

PART 1: WILL THE MEAN REVERT?

08 TWO TRADITIONS, BUT ONLY ONE LITERATURE

09 THE INTELLIGENT INVESTOR

13 UNCERTAINTY

16 FUTURE STATES

18 A WORLD UTTERLY TRANSFORMED?

20 THE IMPACT IN STOCK RETURNS

22 INCREASING RETURNS TO SCALE

PART 2: EXAMPLES NOT THEORY

26 COCA-COLA VERSUS FACEBOOK

29 FACEBOOK

30 MARGIN OF…UPSIDE?

31 THE CAR INDUSTRY

36 COMING TO AN OVERALL

PERSPECTIVE ON AUTO STOCKS

PART 3: GOVERNANCE

CONCLUDING THOUGHTS