Net net

Just don’t.

“Net-net” is a value investing technique developed by Benjamin Graham — Warren Buffett’s guru, that’s who — in which a company is valued based solely on its net current assets. It has become a fashionable way of saying “at the end of the day”, or “in the long run”, or “when all is said and done”.

In the long run we are all dead, as Keynes said, as indeed will anyone be, to me, who uses this ghastly buzzword.