John Neff
John Neff📌 Investment Philosophy

John Neff's Investment Philosophy 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·Investment Philosophy

3 Key Investment Philosophy Principles

#1

Core Investment Philosophy

"A clear investment philosophy provides an anchor in turbulent times. Know what you believe, why you believe it, and stick to it when tested."

A clear philosophy anchors you in turbulent times.

🌱 Beginner★★★★★
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#2

Process-Oriented Investing

"Focus on process, not outcomes. A good process can produce bad outcomes in the short run, but will generate superior results over time."

Good process outperforms lucky outcomes over time.

🌿 Intermediate★★★★☆
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#3

Independent Investment Philosophy

"Develop your own investment philosophy through study and experience. Copying others without understanding why leads to confusion when strategies are tested."

Develop your own philosophy through study and experience.

🌿 Intermediate★★★★☆
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Frequently Asked Questions

What are John Neff's key investment philosophy principles?

John Neff has 3 key principles on investment philosophy. The most important one is "Core Investment Philosophy" — A clear investment philosophy provides an anchor in turbulent times.

How does John Neff apply investment philosophy in practice?

John Neff applies investment philosophy through several key principles including "Core Investment Philosophy" and "Process-Oriented Investing". These principles guide practical investment decisions and have been tested across decades of market cycles.

What makes John Neff's approach to investment philosophy unique?

John Neff's approach to investment philosophy 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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