Share Grahamian Value Week in Review

“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”

— Charlie Munger

PART ONE.

WEEK IN REVIEW

PART TWO.

GRAHAMIAN VALUE COMPENDIUM

OVERVIEW —

• There have been no changes to our Grahamian Value Classic list.

• For the convenience of veteran and newcomer Grahamian Value readers alike, we share a compendium of all companies we’ve mentioned.

I. WEEK IN REVIEW

This marks our twenty-fourth consecutive week with no new additions to the Grahamian Value Classic list of companies.

As a complement to our weekly electronic dispatches, we are excited to host Grahamian Value Fireside Conversations — a series of live online events (with audience participation) featuring prominent thought leaders we respect and admire, exploring the application of Grahamian Values adapted to present circumstances, rooted in a margin of safety.

Join us in an upcoming Grahamian Value Fireside Conversation — featuring Murray Stahl of Horizon Kinetics on Tuesday, March 30, 2021 at 11:00 AM in New York City, United States (UTC-4).

Advanced registration is required to participate.

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II. GRAHAMIAN VALUE COMPENDIUM

We’ve shared thirty updates since embarking on this project in August 2020; below is a quick navigational aid of all companies mentioned —

• AMREP Corporation | link, link

• Contango Oil & Gas Company | link

• Cresud S.A | link

• Daisue Construction Co., Ltd. | link

• Dawson Geophysical Co. | link, link, link, link, link, link

• ECC Capital Corp. | link

• Friedman Industries, Inc. | link, link, link, link, link, link, link

• Geospace Technology Corporation | link

• Gulf Island Fabrication, Inc. | link, link, link, link, link

• Hudson Global, Inc. | link, link

• Mammoth Energy Services, Inc. | link, link, link

• Mid-Con Energy Partners | link

• NCS Multistage Holdings, Inc. | link, link, link, link

• Newpark Resources, Inc. | link, link, link

• NOW Inc. | link, link, link, link

• P&F Industries, Inc. | link, link, link, link

• Pendrell Corp. | link, link

• Rubicon Technology, Inc. | link, link, link, link, link, link, link, link, link, link, link

• Sansei Technologies, Inc. | link

• Servotronics, Inc. | link, link, link, link, link

• Solitron Devices Inc. | link

• Tandy Leather Factory, Inc. | link

• Universal Stainless & Alloy Products, Inc. | link, link, link, link, link, link, link, link

• Westell Technologies, Inc. | link, link, link

• Yotai Refractories Co. | link

Additional companies —

• Agrofy S.A. | link

• Alleghany Capital Corp. | link

• Altech Corp. | link

• Amazon.com, Inc. | link

• American Express Company | link

• Berkshire Hathaway Energy | link

• Bethlehem Steel Corporation | link

• BrasilAgro | link

• Burlington Northern | link

• Capital Cities Communications Inc. | link

• Carnes Pampeanas | link

• Charter Medical Corporation | link

• Daily Journal Corporation | link

• Diamond Offshore | link

• Dutaland Bhd | link

• Ensco plc | link, link

• FACB Industries Incorporated Bhd | link

• Farlim Group (Malaysia) Bhd | link

• FMC Corporation | link

• fyo | link

• GameStop Corporation | link

• General Dynamics Corporation | link

• Geokinetics Inc. | link

• Greenman Brothers Inc. | link

• Hanatour Japan Co., Ltd. | link

• Holicity Inc. | link

• Home Shopping Network | link

• Hunting PLC | link

• Insas Bhd | link

• IRSA Inversiones y Representaciones Sociedad Anónima | link

• JcbNext Bhd | link

• Kanamoto Co. | link

• Kantsu Co., Ltd. | link

• Keytronic Corporation | link

• Kluang Rubber Company (Malaysia) Bhd | link

• Leucadia National Corporation | link, link

• Liberty Media Corporation | link, link

• Lion Posim Bhd | link

• Marriott Corporation | link

• Murakami Corp. | link

• National Beef | link

• Nippon Pillar Packing Co. | link

• Peerless Systems Corporation | link

• Piggly Wiggly | link

• Pulse Seismic Inc. | link

• SAExploration Holdings | link

• Sears Holdings Corporation | link, link

• Seritage Growth Properties | link

• Simon Property Group | link

• Super Rite Foods Inc. | link

• Talcott National Corporation | link

• Tazmo Co. | link

• TGS-NOPEC Geophysical Company | link

• Tosei Corp. | link

• Wells Fargo & Company | link

Important Message for All Readers: The editorial team of Grahamian Value does not maintain accounts with, or receive compensation from Horizon Kinetics or any affiliated entities thereof. We are not brokers or investment advisors, and do not presently manage outside capital. Any information herein should not be regarded as a promotion or endorsement of Horizon Kinetics or its products or services. We do, however, independently believe that Horizon Kinetics’ thought process and approach to certain market opportunities are intriguing and (on merit alone) deserve deliberate, focused attention.

ABOUT GRAHAMIAN VALUE

Founded in 2020 by Harry Sauers and Shai Dardashti and operated with the support of a global volunteer team, Grahamian Value is a labor of love, centered around our desire to openly share data and perspectives that we find helpful in our pursuit of Benjamin Graham-inspired investment ideas. We appreciate your time, your trust and your readership. Learn more at GrahamianValue.com

Harry Sauers and Shai Dardashti are co-editors of Grahamian Value and, as of the date of this communication, may individually own shares of companies mentioned herein. The publishers do not receive compensation from the companies and people covered in Grahamian Value for such coverage. This communication is for informational purposes only. This is not intended to be investment advice. Seek a duly licensed professional for investment advice.