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Luis Sánchez, Céntrica Portfolio Management

Investing in net-nets has always been the most profitable, and simple, value investing strategy available. Benjamin Graham earned around 20% per year investing in hundreds of net-nets for more than two decades. Warren Buffett became a millionaire investing in net-nets too. So did Walter Schloss, and Peter Cundill, to name just a few famous superinvestors. Yet, it is a very uncommon approach. Self-appointed value investors today seldom understand it. Worse, most of them claim it doesn’t work anymore, or don’t even know it exists. Evan Bleker is one of the few value investors in the world who actually understands net-nets in depth, both in theory and in practice. He has invested successfully in these kind of stocks, and he has refined the strategy with his own valuable research and experience.