Deep Value Investing: Finding bargain shares with BIG potential Paperback – Import, 15 January 2018

The author runs a fund following Graham's net net principle which looks for shares selling below its net working capital or has cash and liquid assets net of liabilities more than its market value.Additional aspects to be considered are low debt, cyclical stocks. Fixed assets and goodwill not significant part of nav. The philosophy is focus more on balance sheet and less on earnings estimate. The balance sheet is a fact while future earnings is at best a guesstimate. With cyclicals like bank and services company turnaround is definitely probable with improving economic outlook or sector outlook.Most of the investments short listed have returned 20 to 200%. But this philosophy requires lot of patience and fortitude. Lastly it's a lonely job. It follows companies which probably have hit a 52 week low or is in the news for wrong reasons. Not exactly the next facebook or Netflix.It would be interesting to see if this approach works in the US market. The author seems to predominantly invest in the U.K. markets.