Investment Philosophy

At heart of the Absolute Value philosophy is the principle that price and value are not one and the same. Market exaggeration, oversimplification, and neglect, as stated by Graham and Dodd, go a long way to obscure an investment’s true value.  The goal of Absolute Value investing is to discern an investment’s inherent worth despite the noise and emotion of the market.  Many of the securities within our universe have been neglected and have fallen out of favor, which has the potential to open substantial gaps between value and market price.  Over time these deviations are noticed by the marketplace and begin to converge. Absolute Value seeks to create gains for its shareholders through the market’s recognition of value.