Value Investor's Stock Screener

• Above Average Company
• 20%+ ROE. Five years+ indicates likely competitive advantage
• Note: the avg company has an ROE of 11%
• Price
• We want to pay a fair price, not an unreasonable multiple the market is willing to pay
• P/E < 15
• P/B < 1.5
• Margin of Safety
• Current ratio > 2
• Total debt to equity in the most recent quarter < 50Margin of Safety
• Psychology
• Recency Bias
• Opportunities for confirmation bias

Link to Google Finance stock screener (U.S. companies) http://bit.ly/mqInmI