Hannibal Lecter on How to Read Ben Graham

What is its nature?

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Read Marcus_Aurelius, First principles,    S I M P L I C I T Y.

For each particular, what is it in itself? What is its nature?  Why does he kill? Because he covets!

In your Readings for Lesson 3: Graham’s Liquidations and Net/Nets think about principles not accounting conventions.  When is a current asset not current? Can a fixed asset be more current than a current asset on the balance sheet?

Finally, when you are looking at a balance sheet, always think of this

UPDATE:

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So consider joining or else you won’t receive emails. Email communication will typically be updated on the most recent blog post at www.csinvesting.org

We already have volunteers for Schloss, Tweedy Browne, Greenblatt, and Buffett. Thanks for the quick response.  No more volunteers for now. But I DO need a volunteer to date My Ex-Wife.

4 responses to “Hannibal Lecter on How to Read Ben Graham

  1. Hey John, Isn’t this lesson 2?

  2. Lesson 2 was just a review and the munsingwear case study. This is lesson 3 Graham’s Liquidations and Net/Nets

  3. On the the point ‘When is a current asset not current?’.. In a true economic sense it will depend on the nature of the business… so for a retailer as going concern, its imperative to maintain investment in the inventories.. Inventories are “Fixed Asset” and not Current Asset for the retailer. Whereas for a real estate developer a developed project is not a fixed asset asset but ‘more current asset’..

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