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
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
Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it — even though others may hesitate or differ.
-- Benjamin Graham
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
-- John Templeton
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.
-- John Templeton
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
-- John Templeton
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman