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Value investors have to have a foresight to see the future. These are guidelines and not rules. (For a complete set of guidelines, please see my article " The Good Business Portfolio: Update To Guidelines and July 2016 Performance Review " ). They are meant to be used as filters to get to a few companies on which further analysis can be done before adding the company to the portfolio. So it's alright to break a guideline if the other guidelines indicate a Good vape hazards Company Business. I'm sure this eliminates some really good companies, but it gets me a short list to work on. There are too many companies to even look at 10% of them. You see from the portfolio below that I want a portfolio that is defensive, provides income and does not take significant risks. I limit the portfolio to 25 companies, as more than this is almost impossible to keep track of. I have 24 companies in the portfolio so the portfolio has one open slot. Portfolio Performance The performance of the portfolio created by the guidelines have year in and year out beat the DOW average for over 24 years giving me a steady retirement income and growth.
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