It seems unwise to allocate a large portion of investable capital to any one deep value opportunity, even if the latter promises a large expected return.

It seems unwise to allocate a large portion of investable capital to any one deep value opportunity, even if the latter promises a large expected return.

When we invest in an asset-rich but low-returning business, time may be working against us.

Famed value investor Guy Spier has managed to write what is both a gripping memoir and a fascinating study of what it takes to succeed in investing and life. A must read!