“A wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses” – Warren Buffett
Compounding and rebalancing Value Find
Investing in a share is like buying a company – you have to calculate its worth
Create margin of safety by buying shares at a substantial discount to the calculated intrinsic value
Take advantage of Mr. Market to buy low and sell high
Stay rational and disciplined – emotions lead to poor decisions
Founded in 2018 – Strong returns and disciplined rebalancing
This Exceptional Value Fund, founded in 2018 and with a strong return track record since inception, buys good companies for good prices and sells when the undervaluation has almost disappeared. It also tends to rebalance its positions to take advantage of the manic-depressive behaviour of Mr. Market.
"Good companies" characteristics
- Its business model is easily understood.
- There’s a strong competitive edge (the moat).
- Sales and earnings per share are growing.
- Little debt
- Management is long term (7 years) shareholder friendly
There are no restrictions as to size, regions or sectors.