Preview. Written from general knowledge to guide your reading. It's replaced by full study notes once you record this chapter.
What to listen for
- Graham's seven criteria for the defensive investor, in summary: adequate size, strong financial condition, earnings stability, a long dividend record, earnings growth, a moderate P/E and a moderate price-to-assets.
- Applying them to the Dow stocks of the time narrows the list sharply.
- Listen for the combined P/E × P/B limit.
- RuleOne link: these are a cousin of the Big Five, and you can approximate several with the screen's filters.
Record this chapter
Read it (and Zweig's commentary) aloud, or record your own takeaways afterwards. Then upload the file as ch14.m4a (or ch14-part2.m4a, ch14-commentary.m4a, ch14.txt) to your private ruleone-library repo.