Shailesh Kumar, MBA

net net stocks 2026

Net-Net Stocks in 2026: Are Graham’s Deep Value Criteria Still Findable?

Leave a Comment / Deep Value Investing / /

Benjamin Graham made his career finding them. Warren Buffett called them the most reliable source of investment returns he ever found. And virtually every serious value investor has, at some point, asked the same question I asked when I first discovered them: why isn’t everyone doing this? Net-net stocks, companies trading below their net current […]

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high piotroski f-score

Piotroski F-Score in Practice: How I Use It to Confirm a Value Pick

Leave a Comment / Financial Ratios & Metrics / /

I want to be upfront about something: I do not use the Piotroski F-Score as a primary stock screen most of the time. That might surprise you, given how much ink gets spilled on Piotroski scores in value investing circles. But my process is different: I use it as a confirmation tool, not a discovery

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portfolio drawdown management

Managing Drawdowns: How I Protect Capital Without Losing Upside

Leave a Comment / Managing Risk / /

In 2008, one of my portfolio positions fell 67% in four months. I had bought a small industrial company with a clean balance sheet, a long operating history, and what I thought was a conservative valuation. Then the financial crisis hit, credit markets froze, and customers stopped ordering. The stock went from $18 to $6

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Shannon's Demon Rebalancing Bonus

Shannon’s Demon Explained: Why Rebalancing Beats Buy-and-Hold Over Time

Leave a Comment / Portfolio Management / /

I want to tell you about one of the most counterintuitive ideas in all of investing, an idea so strange that when I first encountered it, I spent about an hour with a spreadsheet trying to convince myself it was wrong before I finally accepted that it was right. It is called Shannon’s Demon. And

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Full Kelly vs Fractional Kelly

Full Kelly vs. Fractional Kelly: Which Position Sizing Approach Is Right for You?

Leave a Comment / Portfolio Management / /

Most investors spend enormous effort deciding which stocks to buy and almost no effort deciding how much to buy. That is exactly backwards. In the long run, position sizing will have as much impact on your returns as stock selection and it will have more impact on your survival as an investor. I use the

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deep value stock screening process

My Deep Value Stock Screening Process: From 3,000 Stocks to a Short List of 5

Leave a Comment / Deep Value Investing / /

There are roughly 3,000 publicly traded US companies with a market capitalization under $2 billion. Most of them are not worth your time. A small number of them are great values hiding in plain sight. Genuinely cheap, financially strengthening businesses that the market has overlooked, misunderstood, or written off prematurely. The challenge is finding them

My Deep Value Stock Screening Process: From 3,000 Stocks to a Short List of 5 Read More »

financial ratios stock analysis checklist

The 5 Financial Ratios I Check Before Buying Any Stock (With Real Examples)

Leave a Comment / Financial Ratios & Metrics / /

I have looked at thousands of stocks over the past two-plus decades. For a long stretch of that time, I was doing it wrong. i ended up drowning in spreadsheets, chasing precision at the cost of judgment, and convincing myself that more data equaled better decisions. It didn’t. What I eventually learned is that a

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market anomalies value investing

Market Anomalies That Persist: Why Value, Size, and Low Volatility Still Work

Leave a Comment / Factor Investing / /

The efficient market hypothesis holds that all available information is already reflected in stock prices, making it impossible to consistently beat the market through fundamental analysis. It is an elegant theory. It is also, as decades of empirical evidence now demonstrate, substantially incomplete. Certain return patterns called anomalies because they should not exist in a

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tariffs investing strategy 2026

Tariffs, Trade Wars, and Your Portfolio: How Value Investors Should Respond in 2026

Leave a Comment / Market Insights / /

Markets hate uncertainty. Value investors, at their best, are supposed to thrive in it. That is the theory. The practice requires more discipline because tariff-driven volatility feels different from a normal correction. The headlines are persistent, the policy outcomes are genuinely unpredictable, and the second-order effects on supply chains and corporate margins are harder to

Tariffs, Trade Wars, and Your Portfolio: How Value Investors Should Respond in 2026 Read More »

annual report

Annual Report vs. 10-K: What’s Different and Which Sections Value Investors Should Read

Leave a Comment / Value Investing / /

Here is something many new investors do not realize: the glossy annual report your broker links to and the 10-K filed with the SEC are not the same document. One is a marketing tool. The other is a legal document. As a value investor, you should spend most of your time on the legal document.

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