Dive into the principles of value investing with a focus on Benjamin Graham’s Net Current Asset Value (NCAV) approach. This section will guide you through the process of calculating a company’s liquidation value using NCAV, which is the difference between current assets and total liabilities. Learn to identify undervalued stocks by purchasing them at prices lower than their NCAV, and explore the historical success of this method through real-world case studies. Equip yourself with the knowledge to make informed investment decisions based on conservative estimates and a margin of safety.