Posted by NOBY > 2015-06-22 16:50 | Report Abuse

I disagree. How does analyzing a balance sheet in Graham net net method of investing complicated ? Buffett changed to a Munger type approach because as his returns compounded and fund size grew, he could no longer invest large sums of money into net nets which were typically in the micro cap space. As a small time investors, we do not have such limitation and should not limit ourselves to buy only good companies at fair prices. Buffett himself famously remarked that if he was working with small sums of capital he could easily achieve compound at 50% p.a. and this would not be achieved by buying franchises.

Posted by Fat Cat Tim Buddy > 2015-06-22 18:34 | Report Abuse

Why I’m Now dont give a damn. Because TLDR.

Posted by HJey > 2015-06-22 19:06 | Report Abuse

It makes sense to buy stock from business perspective if you have that inside you

Posted by 3iii > 2015-06-22 22:50 | Report Abuse

1. Buy good quality growth stocks at bargain prices. 2. Buy undervalued stocks. 3. Buy net nets. For 2 & 3, must have catalysts or activists, to reprise the stock to allow one to exit. You can play all 3 strategies.