TIP747: John Neff: The Value Investor Who Quietly CRUSHED the S&P 500 w/ Kyle Grieve

You're listening to TIP. Today, we're going to cover a value investing legend who is rarely discussed among the greats, but most definitely belongs there. That's John Neff, a low PE investor who outperformed the S<unk>P 500 by 3% per year for nearly three decades. My favorite part about Neff was the vast array of ways that he won. Yes, he was best known as a low PE investor who gobbled up cheap shares in businesses that were unloved by the market.

But that wasn't the single investing strategy I think that really defined him. Instead of looking exclusively for cheap stocks, he ventured into cyclicals, moderate growers, and my personal favorite, misunderstood growth. While the majority of his contemporaries chased well-known growth stocks, John chose a road less traveled. And like many value investors, he was forced to endure some pretty tough times of underperformance. However, he never abandoned his value investing routes and continued to invest wherever he could find value.

It didn't matter if the stock had a PE of 4 or 25. If it was undervalued and had the characteristics of a winner, he was fair game. I have a deep admiration for investors who own a diverse amount of stocks at wide ranges of valuation metrics and can still outperform the market. Neff was someone who excelled at investing and did a great job of sharing his investing strategy, which I'm going to cover with you today. So whether you're a value investor looking at cigar butts or a growth investor looking for hidden growth, you're going to enjoy this episode.

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