An evidence-based approach to equity investing

Equities have delivered superior long-term returns. The evidence, the intuition, and the caveats — with interactive data across 200 years of markets.

Value investing is the practice of exploiting dislocations between price and intrinsic worth. The evidence is deep, persistent, and global.

The evidence says value works. Here is what it takes to capture it — the personality traits, the disciplines, the traps to avoid, and how to construct a resilient portfolio.

The practical experience of managing value portfolios — surviving drawdowns, following a process under pressure, learning from mistakes, and the psychology of conviction versus stubbornness.