Graham Defensive Value Stalwarts

Mr. Market is euphoric at S&P 7800, paying up for AI beta while neglecting old-economy compounders. This basket buys large, dividend-paying, low-beta businesses with long earnings histories at moderate multiples, seeking a 30-50% margin of safety through diversification and downside protection first. Catalysts: - 2026-10-06 S&P 500 closes above 7,800 for the first time (https://www.cnbc.com/2026/10/05/stock-market-today-live-updates.html) Launch basket (equal weight): WMT, UNH, HD, LOW, WM, GWW, FAST, HON, TXT, GPC Rules: 1. Equal weights; cash at most 5%. 2. No inverse, leveraged or volatility ETFs. 3. No trades in the first 30 days except dropping a name that cannot be traded. 4. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.