In this episode of The Investor's Podcast, Kyle Grieve discusses the investing strategy of John Neff, a value investing legend known for outperforming the S&P 500 by focusing on low price-to-earnings ratios. Grieve outlines Neff's seven primary investment principles, including fundamental growth, yield protection, and a preference for cyclicals and solid companies in growing fields. He highlights Neff's ability to find undervalued opportunities across various sectors, his contrarian approach, and his emphasis on understanding the economy and industry dynamics, while also touching on Neff's occasional blunders and the importance of learning from mistakes.
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