#16: Tobias Carlisle on Beating 'The Little Book That Beats The Market'
Superinvestors and the Art of Worldly Wisdom
The Inverse of Profitability
I find it so fascinating but you know I started out when I was net-neds which is a Benjamin Graham strategy basically looking at the most liquid portion of the current assets then taking away all the liabilities and then buying even cheaper again. There have been some classic studies done onnet-neds and they find that profitable net- Ned's don't perform as well as unprofitable net-Neds. So all of your instincts about what you might want as an investor seem to be sort of wrong, he says.
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