To obtain better than average investment results over a long pull requires a policy of selection or operation possessing a twofold merits :
1. It must meet objective or rational tests of underlying soundness
2. It must be different from the policy followed by most investors or speculators.
There are three investment approaches that meet these criteria . They differ widely from one another and each may require a different type of knowledge and temperament on the part of those who assay it .
- The relatively unpopular large company
- Purchase of bargain issues
- Special situations or Workouts
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