Sentences with phrase «liquidation value argument»

Not exact matches

For those new to the site, my argument is that a systematic application of the deep value methodologies like Benjamin Graham's liquidation strategy (for example, as applied in Oppenheimer's Ben Graham's Net Current Asset Values: A Performance Update) or a low price - to - book strategy (as described in Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation and Risk) can lead to exceptional long - term investment returns in a fund.