Benjamin Graham's Net-Net Stock Strategy

Autorentext

Evan Bleker discovered investing during his senior year at high school when attending a consumer economics class, but he began intensive study in the early 2000s. Despite his focus on value investing, he only began to handily beat the market after discovering Graham's net-nets in 2010.

His ongoing success comes down to his ability to successfully apply Graham's net-net stock strategy and cultivate a strong emotional temperament. Evan spends much of his time reading about investing and business, including the early writing of great deep-value investors who employed Graham's classic strategy. Since 2010, he has focused on finding enduring net-net investing principles that serve as best practices. This focus, along with developing a strong emotional temperament and sticking to his strategy through both good and bad periods have contributed to his great portfolio returns.

Evan graduated from Simon Fraser University during the Great Financial Crisis (GFC) with a degree in Analytic Philosophy. If there was ever a time for a philosophy major to look for a job, the GFC was not it. Evan joined thousands of other economic migrants and traveled East to teach English. He became totally consumed by net-net stocks, eventually launching Net Net Hunter to help others find international net nets and put together a high-quality net-net portfolio quickly and easily. The website is now a thriving little community of dedicated net-net stock investors.

While originally from Canada, Evan currently resides in Seoul, South Korea, and spends much of his time traveling around the Ring of Fire. When he's not investing in net-nets, or managing Net Net Hunter, he practices Brazilian jiu-jitsu, studies personal development, and helps friends start businesses.

www.netnethunter.com

Klappentext

Graham's net-net stock strategy is just as viable today for small private investors as it was for Buffett's 'superinvestors' during their early careers. Net-net investing remains the most powerful value investing approach a small investor can adopt. This book is your ultimate practical guide to implementing it - and reaping the rewards - in today's markets.

Zusammenfassung
This book is your ultimate practical guide to implementing Graham's net-net stock strategy - and reaping the rewards - in today's markets.

Inhalt

About the Author
Preface

PART 1 - WHAT IS NET-NET INVESTING?

1. Net-Net Investing Defined
2. The Detail of the NCAV Formula
3. A Closer Look at Graham's Net-Net Working Capital Formula
4. Why Does Net-Net Investing Work?
5. Why People Avoid Buying Net-Net Stocks
6. How the Penny Stock Prince Could Butcher Your Portfolio

PART 2 - THE EVIDENCE THAT NET-NET INVESTING WORKS

7. Eight Lessons from Exceptional Net-Net Stock Studies
8. Three Net-Net Stock Gurus to Model
9. My Own Net-Net Stock Portfolio Returns

PART 3 - NET-NET INVESTING METHOD

10. The Net-Net Hunter Scorecard
11. Step-by-Step Stock Selection

PART 4 - TACTICS: NET-NET INVESTING BEST PRACTICES

12. My Attitude Towards Money-Losing Net-Net Stocks
13. Past Earnings and Existing Operations
14. How Burn Rate Increases Risk and Reduces Profit Potential
15. Market Cap - Don't Assassinate Your Small Investor Advantage
16. How I Sidestep the Problems of Low Liquidity and Large Bid-Ask Spreads
17. Share Buy-Backs - Befriend the Cannibals
18. Chinese Reverse Mergers - Financial Poison

PART 5 - NET-NET CASE STUDIES

19. How Insider Ownership Led Trans World Entertainment to Massive Returns
20. GTSI Corp.'s Soft Catalyst Earned Me 85% in Five Months
21. How Debt Killed Albemarle & Bond Holdings
22. The (Almost) Perfect Net-Net Stock
23. Forgiveness - How Improving Fundamentals Caused Me to Bend One of My Core Principles

Epilogue: Build Your Character

Bibliography
Acknowledgements
Index