Not necessarily, The Windsor Fund, though popular in its time probably saw withdrawals at times due to vagaries in the market or from shareholders needing to sell. Therefore they would have had to possibly sell and reallocate or rebalance the portfolio.
John Neff was strictly a low P/E investor. He owned a fair amount of financial stocks in the Windsor Funds. Citicorp was a big success for him.
Not necessarily, The Windsor Fund, though popular in its time probably saw withdrawals at times due to vagaries in the market or from shareholders needing to sell. Therefore they would have had to possibly sell and reallocate or rebalance the portfolio.
John Neff was strictly a low P/E investor. He owned a fair amount of financial stocks in the Windsor Funds. Citicorp was a big success for him.
Another advantage if John Neff is that the fund has infinite capital to average down during the mispricing.
Retailer will be panicking selling and register a loss.
John Neff PWGY approach is very common. He can win because he has uncountable fund and uncountable time to average down.
I can win if I have the fund.
I feel like literally just the low PE factor outperformed during this period to a similar extent?