Intelligent Investor

Ben Graham would've been proud

There are hidden assets staring us in the face everyday. Only a true value investor would've bought this one.
By · 20 Jun 2013
By ·
20 Jun 2013
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There are only five things at the Intelligent Investor digs on Pitt Street that have been here longer than me. Steve (chief investment officer of the Intelligent Investor Value Funds), Steph (our newsletter designer amongst other responsibilities), the toaster, the black pepper, and the industrial-sized box of cling wrap (and perhaps a printer or two).

Sadly, the industrial-sized box of cling wrap has wrapped its last avocado. What makes this cling wrap so special is that when I arrived at II on 1 May 2006, the box was already broken, rendering the cutting mechanism virtually useless. Only in a true value investor's office would such a cheap asset have so many puffs left in it.

Ben Graham, the father of value investing, author of our namesake, and famous cigar-butt investor would've been proud of this unwanted and undervalued asset.

So long industrial-sized glad wrap. You now join the white pepper which took me all of seven years and one week to finish. Like an old couple, perhaps this was no coincidence.

While it's hard to imagine Steve and Steph ever leaving this place, and I have plans for the toaster despite its consistent and workman-like performance, given how rarely I bring lunch to work these days I expect the black pepper will outlive us all.

The industrial-sized cling wrap is dead. Long live the industrial-sized cling wrap!

Disclosure: No staff member has an interest in the glad wrap, but please don't tell our health and safety officer about the black pepper.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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