Sublime

Brandon Payne’s philosophy of practice,

Throughout this book, I have professed a number of my more controversial beliefs about how asset managers should go about their business. I believe that a systematic approach to investing is optimal and that manager discretion should be very limited. For one, I believe that managers should be paid for the degree to which they adhere to a process an

Greenberg doesn’t limit himself to one kind of valuation metric, but he always looks at free cash flow yield.

Finally embracing the indexing lessons Jack Bogle—the founder of The Vanguard Group and the inventor of index funds—perfected 40 years ago.

markets are highly competitive, and money managers charge fees that diminish returns.

Dennis figured out how to profit in the real world from an understanding of behavioral finance decades before Nobel prizes were handed out to professors preaching theory.

For the unprepared, meeting John Neff can be a "disaster." Those who meet Neff's standards appreciate thatJohn answers his own phone ("Neff!"), and he always gives as good as he gets, or better, in both information and insight. Neff's rigorous discipline in "doing his homework" has one important consequence: His portfo

In 1938, John Burr Williams published a book called The Theory of Investment Value, a seminal articulation of the usefulness