It has once again bene another stellar month for the Perfect Stock Portfolio with average stock rising a little over 6%.
It seems Ben Grahm was right about all this after all. Owing undervalued stocks with solid balnce sheets and an adequate margin of safety can indeed provide outsized returns if you, as Graham suggested "make a strong effort to have more money invested in common stocks at lower market levels (at least on the basis of cost) than at what he recognizes to be potentially high levels."
