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...
"Markets are driven by fear and greed. The disciplined investor exploits these emotions rather than being controlled by them. Emotional control is the key competitive advantage."
Exploit market emotions rather than being controlled by them.
Read Full Analysis →"Understanding crowd psychology is essential. When everyone agrees, the opportunity has usually passed. The best time to act is when the crowd is most fearful or most confident."
Act when the crowd is at emotional extremes.
Read Full Analysis →"The best investments often feel uncomfortable because they go against popular opinion. If everyone loves a stock, it's probably overpriced. If everyone hates it, investigate."
Good investments often feel uncomfortable.
Read Full Analysis →John Neff has 3 key principles on market psychology. The most important one is "Emotional Discipline in Markets" — Markets are driven by fear and greed.
John Neff applies market psychology through several key principles including "Emotional Discipline in Markets" and "Crowd Behavior Awareness". These principles guide practical investment decisions and have been tested across decades of market cycles.
John Neff's approach to market psychology 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.
