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Deep-value investing in the form of buying a toonie for a loonie is a very alluring investment concept. Let's face it: everyone wants to buy a stock cheaply and then watch it take off. The problem is, in practice, it is very difficult to do.
Deep-value investors must zig while the market may zag and it necessitates extreme discipline, conviction and extensive company research. Ultimate success literally depends upon the patience of Job. At the present time, we are uncovering a growing number of excessively undervalued common shares as we look beyond the current chaotic markets. Accordingly, in the context of a 12-18 month holding period, we are selectively adding a few deeply discounted equities to our ABC portfolios. |
