Perfect Stock Portfolio

Investors spent much of the past month watching developments in the Middle East while attempting to gauge the direction of inflation and interest rates around the world. Economic growth has moderated in most major economies, but there is little evidence of a broad global recession. Instead, the...

Investors spent the last month trying to balance two very different realities. On one side of the ledger, the global economy continues to demonstrate surprising resilience. Corporate earnings in many sectors remain healthy, labor markets are still reasonably firm, and governments around the world...

Monthly Review – April 2026 The last month has been a reminder that geopolitics still matters, energy still matters, and all the fashionable chatter about markets floating free of the real economy was nonsense. The conflict with Iran has become the central macro story because it hit the one...

It has been an unusually eventful month across global markets. At the start of the year, investors were focused on familiar cycle questions: would inflation continue drifting lower, would central banks begin cutting rates, and could the global economy achieve a soft landing? Instead, the past month...

Discipline Wins When Narratives Get Loud Markets spent the past month doing what they always do during transitional periods. On the surface, conditions appear calm. Underneath, narratives shift constantly. Inflation continues to ease across several major economies. Growth remains uneven but...

The last month in global markets: the great rotation from "stories" to "prices"The last month has felt like a global investor reset. The market's attention has been less about big, sweeping narratives and more about the arithmetic of capital: what you pay, what you get paid while you wait, and how...

Global Markets Update: Book Value and Balance Sheets Still MatterOver the past month, global markets have continued to reward narrative and speed while quietly discounting balance sheets, asset values, and financial strength. This is familiar territory. When investors chase stories, they stop...

Global markets navigated a turbulent path in November 2025, marked by the historic U.S. government shutdown that extended beyond 40 days before reaching resolution. Despite these headwinds, deep value opportunities continued to emerge across international markets. The Perfect Stock portfolio,...

Our international deep value portfolio presents a compelling snapshot of global markets in transition during September 2025. The portfolio’s diverse geographic and sector composition continues to reflect the fundamental thesis of acquiring quality assets at substantial discounts to intrinsic...

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...

Please note that we are selling Neo Performance Materials, Inc. (Ticker: NOPMF) Magellan Aerospace Corp. (Ticker: MALJF) and THK Co., Ltd. (Ticker: THKLY) as they trade above tangible book value. We are adding 3 new stocks to the Perfect Stocks Portfolio this month: 1) Scorpio Tankers, Inc. (Ticker...

Welcome once again to the Perfect Stocks monthly update. Our portfolio continues to impressively outperform the U.S. domestic markets, which remain the key focus of most of our audience. For the month, the S&P 500 recovered from some of the tariff-related body blows it took in April and May,...

The May update for the Perfect Stock Portfolio at Benzinga Edge begins with an acknowledgment of Benjamin Graham’s profound influence on modern securities markets. From Graham’s Columbia University classroom emerged some of the greatest investment minds of the past century and I’d...

As the smoke clears from yet another round of tariff crossfire launched out of Washington, global stock markets are beginning to show a clear divergence. The United States, the self-appointed sheriff of global trade, has found itself in the midst of a self-inflicted financial riot. Meanwhile,...

Welcome to the March 2025 update of the Perfect Stocks portfolio. I am about a week late getting this month's update out, but this is a long-term portfolio, and a week here or there really does not matter all that much. I am running late because we old out Florida property last week, We are digital...