Returns of Benjamin Graham’s Net Current Asset Value Strategy, Part 2.

Previous part of Returns of Benjamin Graham’s Net Current Asset Value (NCAV) Strategy we viewed different studies which showed that outperformance of this strategy is unquestionable. How about the reality? No one can purchase every single net-net stock. You have to make choices. Commissions must be paid. Spread between bid and ask prices can make… Continue reading Returns of Benjamin Graham’s Net Current Asset Value Strategy, Part 2.

Returns of Benjamin Graham’s Net Current Asset Value Strategy, Part 1.

There have been various studies that analyzed the performance of Benjamin Graham’s strategy of purchasing stocks trading below net current asset value (NCAV). These stocks are also called net-nets. Graham developed and tested this criterion in the early 1930s and first described his net current asset value rul for stock selection in the 1934 edition… Continue reading Returns of Benjamin Graham’s Net Current Asset Value Strategy, Part 1.