At Global Investing Insight we examine the evidence with the objective of determining its reliability and robustness. Specifically, we focus on examining the investment research published on Net Nets.

Our research articles have also been published by Alpha Architect on their highly acclaimed finance research blog.

Research Articles

Gaurang Merani

Apr 7

Examining Saudi Arabian Net Nets

Saudi Arabian net nets generated material outperformance, however, whether a practitioner could achieved the reported returns is debatable.

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Gaurang Merani

Mar 18

What Has Worked in Investing (Tweedy, Browne) – Examining Net Nets

The “Average Return” reported in the study overstates the actual returns achievable by an investor.

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Gaurang Merani

Feb 24

Analyzing Deep Value in the Eurozone

While initial results regarding NCAV/MV portfolios were promising, robustness tests revealed an inconsistency which could not be explained.

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Gaurang Merani

Dec 17, 2019

An Analysis of “Testing Benjamin Graham’s Net Current Asset Value Strategy in London”

Even seemingly robust academic research can be limited in its application when viewed through the lens of a practitioner.

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Gaurang Merani

Oct 8, 2019

An Analysis of “Graham’s Net-Nets: Outdated or Outstanding?”

Our analysis reveals that in all probability the reported returns were overstated and therefore unreliable.

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Gaurang Merani

Mar 1, 2019

An Analysis of “Benjamin Graham’s Net Current Asset Values: A Performance Update”

This prominent and often cited 1986 study was conducted with data that excluded dividends thereby rendering many of the results unreliable.

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