We were ugly-duckling buyers from start to finish.
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Investors
John Neff
Born in 1931 in Ohio, died in 2019. John Neff managed the Vanguard Windsor Fund for 31 years from 1964, delivering an annualized return of 13.7% and beating the S&P 500 by more than three percentage points per year. He consistently practiced contrarian low-P/E investing, finding value in stocks other investors shunned, earning him a reputation as the consummate professional contrarian — a quiet giant who let his record do the talking.
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John Neff's Other Quotes
Related Quotes
In prosperous times, save diligently; in downturns, invest boldly.
-- Honda Seiroku
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman
It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their true value is recognized.
-- John Neff
The stock market is the only business I know that when things go on sale, the customers run out of the store.
-- Leon G. Cooperman
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
-- Mark Mobius