J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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John Neff on Investing,
by Steven Mintz.  In the final analysis, superior long-term
investment returns come from hard work combined with superior insight
and analysis. John Neff, now retired, is probably one of the most
successful investors who most people have never heard of. A very
patient, deep value investor and card-carrying contrarian (his
supervised portfolios frequently sported single-digit P/E multiples),
Neff managed the Vanguard Windsor Fund for fully 31 years, and he
handily outdistanced both the S&P 500 and most of his competition. In
this book, Neff discusses his bargain-hunting principles and,
importantly, the essential qualities of independence and patience that
are necessary to nourish careful analysis. An interesting and unique
part of this very helpful 1999 work is Neff's own investing journal,
covering 30 years of his specific decisions. |
"Nobody has ever managed a large mutual fund so very well for so very long a time. And no one is likely to do so ever again." Charles Ellis |