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I've been reading intelligent investor and there's something I don't understand - maybe you can explain. I get that the point here is if the company were liquidated you would get a positive return but how often does that happen? Yes in principle you're getting something at a discount but you can't exit - not like it can go to Apple HQ and demand a withdrawal commensurate with your equity? So why does it matter?


They are not as common today because we are in a huge bull market, but they can still be found:

https://www.oldschoolvalue.com/stock-screener/net-asset-curr...




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