Canadian Super Investor Tim McElvaine Talks About Deep Value Investing
I’m happy to link to this video via Controlled Greed. If you follow Francis Chou you will also want to read about Tim Mc Elvaine and his strategies for deep value investing.
Click Here To Follwo Super Investor’ Tim McElvaine (As PDF)
Introduction (Via Mcelevaine)
As the ex-chief investment officer for Peter Cundill’s company, Tim McElvaine is all about deep value investing. If you wondered what the definition of deep value investing is, it is buying the equity of companies that are beaten up, unwanted, and unloved. Even hearing their name will sometimes make you cringe. As Tim says, “We deal in nightmares, not dreams.” So why would you buy nightmares, you say? Well, because if you pick the right ones, you get a great bargain on the purchase price, and this is how Tim says he makes his money. With a 20 percent annualized return (16 percent net to investors) for the last ten years until December 31, 2007, “nightmares” have turned into dreamy performance for Tim’s investors.
