Tom Brown recently posted a rebuttal to Jason Zweig's Wall Street Journal column. Geoff Gannon also wrote a great follow-up article with more on Benjamin Graham. I suggest reading all three articles. In this post, I wanted to comment on a few aspects of Tom Brown's argument, some of which I have been thinking about lately. The following is a quote from Tom's post:
On Financial Stocks and Portfolio Risk
On Financial Stocks and Portfolio Risk
On Financial Stocks and Portfolio Risk
Tom Brown recently posted a rebuttal to Jason Zweig's Wall Street Journal column. Geoff Gannon also wrote a great follow-up article with more on Benjamin Graham. I suggest reading all three articles. In this post, I wanted to comment on a few aspects of Tom Brown's argument, some of which I have been thinking about lately. The following is a quote from Tom's post: