John Neff headed Vanguard's Windsor Fund, one of the best performing mutual funds in his time. A contrarian investor to the core, Neff's technique focused on out-of-favour quality companies, calling himself a 'low price-earnings...  investor'. He searched for stocks that are cheap in relation to their total return (earnings growth plus dividend yield divided by the PE ratio). This technique often captures future returns better than skittish growth stocks.  Read more

 

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