Hannibal Lecter on How to Read Ben Graham

What is its nature?


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


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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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