The Winning Investment Strategy A Top Value Manager Doesn’t Want You To Use

For nearly two decades, top value investor and columnist John Dorfman has been tracking a purely quantitative “robot portfolio” that has beaten the S&P 500 by about 12 percentage points per year. His advice: Don’t use it. In an interview with Wealth Track’s Consuelo Mack, Dorfman talks about why his robot approach isn’t suitable for the vast majority of investors. The strategy takes all stocks with market capitalizations of at least $500 million, eliminates those whose debt is more than their equity, and then selects the ten with the lowest price/earnings ratios. While its track record is impressive, Dorfman says […]