This podcast episode features Scott Barbee, the manager of Aegis Value Fund, who discusses his deep value investing philosophy that has enabled his fund to significantly outperform the S&P 500 since its inception in 1998. Through his personal journey and investment strategies, Scott emphasizes the importance of maintaining core principles in volatile markets, focusing on permanent capital loss as the true measure of risk, and seeking unloved businesses that offer undervalued opportunities. He articulates strategies for navigating market fluctuations, the significance of alignment and reputation in investing, and offers insights into potential market bubbles, ultimately calling for a re-evaluation of investment strategies in light of current valuations.
