Ben Graham is considered to be the father of value investing and Warren Buffet's guru. His focus was on value stocks - companies who were trading far below the value of their assets. Graham said investors should analyse a company's financials...  and come up with an intrinsic value and buy it only when it's trading below the intrinsic value. The best stocks of this nature are those that trade at least a third below their net current assets (current assets - current liabilities). 

 

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