Seek to capture equity mispricing opportunities in mid cap and small cap stocks due to market inefficiency, by continuously computing relative valuation of all mid cap and small cap stocks according to their fundamental factors, such as earning and sales ratios, cash flow, enterprise value, debt to equity, etc. Individual stock weighting in the portfolio is calculated based its appreciation potential, and could be changed very frequently. Positions are sold or reduced when stocks become more expensive relative to other stocks based on above valuation factors, and are replaced with stocks of cheaper valuations. Typically hold more than 40 mid cap and small cap stocks with annual turnover rate above 400%.
TIME HORIZON AND INVESTMENT OBJECTIVE
Long term aggressive growth of capital.
Higher than US stock market.
Diversified stock positions.
ANNUAL MANAGEMENT FEE
2.0%, prorated on a daily or monthly basis.
Disclosure: Portfolio performance result is provided by Covestor. Click chart to see the complete performance calculation information and disclosures. Past performance is not indicative of future results. Investing in this portfolio involves risk, including the risk of principal loss. Don’t invest with money you can’t afford to lose.
As Buffett has often observed, value investing is not a concept that can be learned and applied gradually over time. It is either absorbed and adopted at once, or it is never truly learned.