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Margin Of Safety's avatar

Not necessarily, The Windsor Fund, though popular in its time probably saw withdrawals at times due to vagaries in the market or from shareholders needing to sell. Therefore they would have had to possibly sell and reallocate or rebalance the portfolio.

John Neff was strictly a low P/E investor. He owned a fair amount of financial stocks in the Windsor Funds. Citicorp was a big success for him.

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Matt Newell's avatar

I feel like literally just the low PE factor outperformed during this period to a similar extent?

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