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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Most investors associate value investing with stock markets, balance sheets, and ticker symbols. But Benjamin Graham never said value investing was about stocks — he said it was about the intelligent allocation of capital.

In this episode of Intelligent Investment Today, we explore how the core principles of value investing apply just as powerfully to private businesses as they do to listed companies. Using the example of a small, independent grocery store, we ask how a value investor — in the tradition of Benjamin Graham and Warren Buffett — would evaluate risk, cash flow, assets, management dependence, and margin of safety.

We strip away market noise, adjusted earnings, and modern financial jargon to focus on what truly matters: what a business earns, what it owns, and how resilient it is in the face of competition and change. From downside risk and owner dependence to debt, durability, and conservative valuation, this episode is a reminder that a business is a business — whether it turns over thousands or billions.

If you want to think like a true business owner, avoid speculative thinking, and apply Graham’s timeless principles beyond the stock market, this episode is for you.

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In this special episode of Intelligent Investment Today, we explore value investing through the lens of the Seven Deadly Sins — revealing how Pride, Greed, Envy, Wrath, Sloth, Gluttony, and Lust quietly sabotage investor decisions every day. Drawing on the timeless wisdom of Benjamin Graham, we examine how emotional impulses, market hype, and behavioral biases can derail even the smartest investors.

Each sin takes the stage as we uncover:

• How Pride fuels overconfidence and destroys discipline
• Why Greed pushes investors toward speculation, hype, and AI-driven manias
• How Envy turns investing into a competition instead of a strategy
• Why Wrath leads to panic selling and revenge-trading during downturns
• How Sloth encourages shortcuts, tips, and ignorance over research
• Why Gluttony creates bloated portfolios with no direction
• How Lust seduces investors into speculative “story stocks” and bubbles

Grounded in Graham’s principles of intrinsic value, margin of safety, and emotional control, this episode reveals why investing is as much a moral discipline as a financial one — and how mastering your temperament is the real key to long-term success.

If you’ve ever felt the pull of market hype or emotional temptation, this episode will help you recognise the whisper of each “sin” and choose the rational, disciplined path that Graham championed.

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In this episode of Intelligent Investment Today, David Coombs dives into a real-life investing experience following a shocking 30% drop in his holding of Card Factory. Using Benjamin Graham's timeless value investing principles, he explains how to separate market noise from genuine changes in intrinsic value, stay rational under pressure, and spot opportunities in market overreactions.

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In this episode of Intelligent Investment Today, host David Coombs takes listeners on a deep-dive into a fictional company - North West Widgets - to explore how Benjamin Graham and Warren Buffett might each evaluate the same investment opportunity.

If you have ever wondered how value investors think - or how to apply classic value-investing principles to real-world companies - this episode offers a clear, entertaining walkthrough.

#valueinvesting #BenjaminGraham #WarrenBuffett #intrinsicvalue #marginofsafety #investingpodcast

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In this episode of Intelligent Investment Today, host David Coombs breaks down one of the most essential - and most misunderstood - principles in all of investing: the true difference between investment and speculation.

Drawing from the timeless wisdom of Benjamin Graham, mentor to Warren Buffett and father of value investing, David explains why so many market participants think they are investing when really they are speculating - and why that confusion can lead to dangerous, unintended riaks.

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