Today I discuss something boring, something old fashioned but something that works. It is up to you if you want to follow the current investing trends or you want to follow what works in the long term. The change in book value +- dividends is the only correct measure of intrinsic value and Buffett has been focusing on it for the past 70 years.
Number One Investing Rule: Book Value Increase = Returns
The LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy Read More