Ben Graham, the father of Value Investing and teacher of Warren Buffett, was also a successful investor in 20th century. The four bread and butter strategies, employed by his firm, the Graham-Newman corporation between 1926 and 1956 included arbitrages, related hedges, liquidations and Net-Current-Asset or Bargain issues.

Learn about Ben Graham's style of deep value companies and how to find them.

We saw here that there are home builders trading at huge discounts to their book values. Could some of these offer a chance to buy land at a big discount?

Currently, most home builders are trading well below book value. Could this be a buying opportunity? Here they are, ranked by biggest discount to book:

For companies like Microsoft and Accenture, book value won't help you figure out the intrinsic value of the company. But are there some companies out there where book value is an appropriate measure for intrinsic value? Consider land developers.

"Is NVR a baby being thrown out with the bathwater?"