GRAHAM-RAO METHOD OF ANALYZING EQUITY SHARES

September 1, 2006

Benjamin Graham is hailed as the Dean of Wall Street. He is credited with systematising Security Analysis. It so happened that his book on Security Analysis was the first text book that I studied, when I began studying books on this subject. In his other book titled 'Intelligent Investor', he gave two methods one for conservative investors and the other for aggressive investors.

As I began teaching his ideas to employees of broking companies and students, the question of actual application and its utility came up. I developed a method of application in 2003 and applied it to A group shares at that time and came with a list of companies recommended by the method.

I explained the method in my article published in Business Standard in 2003. Readers can access this paper from my website http://www.geocities.com/cfamumbai/graham-piotroski-bus-std.doc.

I compared the performance of the stocks recommended by the method over the period Jan 2003 to August 2006 and found that it outperformed the sensex. I am in the processing of preparing an article on this performance and publish it.

Narayana Rao

Investor Meet

This is the photo of the investor meet that I have done with students at ICFAI Business School, Mumbai. I am there at the left most position.

Narayana Rao

Marathon Running: A Hobby of Global CEOs

I prepared the article and it was published in the July 2006 issue of Global CEO. I was motivated by the participation of Anil Ambani and Ms.Sulajja Firodia in Mumbai Marathon 2006 to do some review of articles on this topic and comeup with this article. Please send an email to me for the soft copy of the article.

Narayana Rao

Spectator for Thane Varsha Half Marathon 2006

On July 23 2006, Thane Varsha Half Marathon was held. I was a spectator for this run, and watched the race at around 9 km point. Saw the lead runners and walked along with the participants 4 kms on the route. Today I searched for blogs on this marathon by participants and found two blogs one by Mr.Mihir a resident of Thane and one by Mr.Girish Mallya.