Are net-net stocks—Benjamin Graham’s most extreme value-investing strategy—still alive in today’s hyper-efficient markets?

In this episode of Intelligent Investment Today, David Coombs revisits the legendary net-net investing strategy, a deep-value approach made famous by Benjamin Graham, and examines whether it still works in 2026. Once considered the purest form of margin of safety, net-net investing involves buying stocks for less than their net current asset value, often paying less than liquidation value for an entire business.

You’ll learn:

• What net-net investing really is (and why it’s so misunderstood)
• Why net-nets nearly disappeared from public markets
• Where net-net stocks still exist today—including microcaps and foreign markets
• How modern investors can apply Graham’s logic in 2026
• The real risks of net-net investing, including value traps and zombie companies
• Why human psychology still creates deep value opportunities

We explore real-world examples from U.S. microcaps, Japanese equities, and distressed industries, showing how fear, neglect, and boredom continue to produce statistically cheap investments—just as Graham predicted decades ago.

If you’re interested in value investing, Benjamin Graham principles, deep value stocks, or finding opportunities where others refuse to look, this episode will challenge how you think about risk, patience, and intelligent investing.

🎧 Subscribe to Intelligent Investment Today for more timeless investing lessons inspired by Benjamin Graham—applied to modern markets.

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What would happen if the stock market shut down for an entire year — no trading, no price quotes, no daily volatility?

In this episode of Intelligent Investment Today, we explore a powerful thought experiment inspired by Benjamin Graham, the father of value investing and mentor to Warren Buffett. By imagining a world without market prices, we strip investing back to its essentials and confront the timeless distinction between price and value, speculation and investment, and activity and intelligence.

With markets silent, which assets would still make sense to own? Which businesses would continue to generate real value? And how many modern investment strategies rely more on liquidity, psychology, and constant repricing than on fundamental worth?

This episode examines:

• Why cash flow matters more when markets are closed
• How liquidity can be a luxury rather than a guarantee
• The psychological impact of investing without price feedback
• What a true margin of safety looks like in practice
• Why patient ownership, not constant action, lies at the heart of intelligent investing

Rather than predicting crises or market shutdowns, this discussion sharpens your understanding of long-term ownership, discipline, and clarity — exactly as Benjamin Graham intended.

If you want to invest with confidence even when markets are quiet, this episode is for you.

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Are financial markets truly efficient, or are they driven by emotion, fear, and human error?

In this episode of Intelligent Investment Today, we take a deep but accessible look at the Efficient Market Hypothesis (EMH) and place it head-to-head with the philosophy of Benjamin Graham, the father of value investing. We explain what EMH really means, why it appears convincing in theory, and why it often falls apart in the real world.

Drawing on Graham’s famous concept of Mr. Market, we explore how psychology, crowd behavior, and emotional decision-making lead to mispriced assets — and why this creates long-term opportunities for disciplined value investors. We also examine bubbles, market inefficiencies, and where modern investing giants like Warren Buffett fit into the debate.

Whether you’re new to investing or looking for a clear refresher, this episode will help you understand:

• What the Efficient Market Hypothesis claims
• Why markets are efficient most of the time — but not all of the time
• How human behavior creates opportunity
• Why value investing still works, and likely always will

Sit back, tune in, and gain a clearer understanding of why patience, discipline, and emotional control remain the value investor’s greatest edge.

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