John Neff
John Neff📌 Buying Principles

John Neff's Buying Principles Rules

John B. Neff (September 19, 1931 – June 4, 2019) was an American investor and mutual fund manager. He managed the Vanguard Windsor Fund from 1964 to 1995, achieving an average annual return of 13.7%, outperforming the S&P 500 by over 3% annually for 31 years. Neff was known as a "low P/E investor," consistently seeking undervalued stocks that the...

3 principles·Buying Principles

3 Key Buying Principles Principles

#1

Woebegone Stocks

"Buy stocks Wall Street has given up on. Neglected stocks often offer the best values."

Neglected stocks abandoned by Wall Street often offer the best values.

🌿 Intermediate★★★★★
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#2

Buy Below Intrinsic Value

"The cardinal rule of investing: buy only when the price is significantly below your conservative estimate of intrinsic value. This builds in protection against error."

Buy only at prices well below intrinsic value.

🌿 Intermediate★★★★★
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#3

Wait for the Right Opportunity

"The stock market is a no-called-strike game. You don't have to swing at every pitch. Wait for the fat pitch — the opportunity that offers exceptional risk-reward."

Wait for exceptional risk-reward opportunities.

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Frequently Asked Questions

What are John Neff's key buying principles principles?

John Neff has 3 key principles on buying principles. The most important one is "Woebegone Stocks" — Buy stocks Wall Street has given up on.

How does John Neff apply buying principles in practice?

John Neff applies buying principles through several key principles including "Woebegone Stocks" and "Buy Below Intrinsic Value". These principles guide practical investment decisions and have been tested across decades of market cycles.

What makes John Neff's approach to buying principles unique?

John Neff's approach to buying principles is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, John Neff provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.

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