Great article. I have gone through a similar evolution. I think the new deep value is investing in improving businesses that market thinks are not improving. Understanding changes in business structure is important to do this. The only difference place I can see mediocre business investing working are in well defined special situations.
Great article. I have gone through a similar evolution. I think the new deep value is investing in improving businesses that market thinks are not improving. Understanding changes in business structure is important to do this. The only difference place I can see mediocre business investing working are in well defined special situations.