Benjamin Graham’s Net-Net Strategy: How to Find Extreme Value Stocks Today

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 marketsWhere net-net stocks still exist today—including microcaps and foreign marketsHow modern investors can apply Graham’s logic in 2026The real risks of net-net investing, including value traps and zombie companiesWhy human psychology still creates deep value opportunitiesWe 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.Support the show