WELCOME TO PRICE VALUE PARTNERS
Countries throughout the developed world have amassed colossal debt loads which can never realistically be paid back – except in devalued currencies. This macroeconomic environment is freakishly abnormal and necessitates an unorthodox asset allocation compared to investment strategies that have worked for the last few decades.VT Price Value Portfolio.
The fund's objective is to deliver attractive long term returns. Its primary focus is on Benjamin Graham-style 'value' listed equities on an unconstrained, global basis. The fund also invests into other uncorrelated investments which the managers believe will contribute to the fund's objective of generating relatively low risk, absolute returns
LONG-TERM WEALTH
The key to building long-term wealth is to focus on compounding economic value over time and accepting short-term price volatility as an unwelcome but inevitable characteristic of investing. Each security added to a portfolio should offer both a margin of safety and a positive real rate of return at current prices and operations. Investing should be focused not on optimism, but on arithmetic."I can only tell you that the secret has been out for 50 years, ever since Ben Graham and David Dodd wrote ‘Security Analysis’[and ever since Ben Graham followed up with ‘The Intelligent Investor], yet I have seen no trend toward value investing in the 35 years that I’ve practised it. There seems to be some perverse human characteristic that likes to make easy things difficult. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham and Dodd will continue to prosper."
- Warren Buffett in the Appendix to ‘The Intelligent Investor’
Weird scenes inside the gold mine
They never saw it coming
It gets serious
Bezmenov’s Ghost