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Benjamin Graham (1894-1976) is considered by many to be the architect of Fundamental Analysis and Value Investing. Graham liked to find discrepancies between a stock's price and its value and would buy large portfolios of undervalued stocks, holding them until they became fully valued. In his 1949 book "The Intelligent Investor, Graham describes a stock selection technique that identifies stocks that are trading at a deep discount to a calculated value termed the Net Current Asset Value or NCAV.