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Investment Process


Scudbucket

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I've always been impressed by First Pacific Advisors process, which is detailed here:

 

http://www.fpafunds.com/docs/fpa-crescent-fund/2015-09-contrarian-value-policy-statement.pdf?sfvrsn=2

 

A "go anywhere" strategy that focuses on the downside first. They are disciplined investors that will carry a large cash balance

if they can not find bargains.

 

 

 

 

 

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