In the investing world, a long-only approach refers to owning securities that we believe will rise in value. We want the companies we own to succeed, because when they succeed, so do we.
Proximity to the companies we are interested in means familiarity, helping guide our educational goals and satisfaction with investments.
Value investing is an investment strategy famed by investors like Warren Buffet and Michigan’s own Charlie Munger. Classic value investing contemplates how to beat the market by investing in companies that can outperform the S&P 500 for a number of years in a row. We follow examples set by those before us to design a concentrated long-only portfolio with a low inclination to sell. To us, value investing means a lot of research, patience, and hard work.
Before buying anything, we do extensive primary research to really understand the underlying economics at play. We investigate each company from all angles by reading company reports, speaking with experts, and building models to forecast profitability.
After identifying projects with promising leads, groups, lead by an older member, carefully investigate the company’s inner workings. Once the research is complete, the stock thesis is presented to the club through fund meetings.
Our process allows a voice for everyone, where we can thoughtfully and honestly discuss the research before making an investment decision.
In the investing world, a long only approach refers to owning securities that we believe will rise in value. We want the companies we own to succeed, because when they succeed so do we.
Proximity to the companies we are interested in means familiarity, helping with our educational goals and satisfaction with investments.
VVI’s approach to education is unique, thorough, and exciting.
Every semester, VVI hosts an extensive education series for new members, comprising of weekly lectures and discussions. Content covered includes the basics of investing, financial accounting, and valuation techniques. While valuation is important, we dedicate a significant amount of time inn discussing classic value investing philosophies like economic moats, margins of safety, and the scuttlebutt research ideology.
Our research process is analytical, social, and proactive, and our education process reflects this. New members are active from the very first day, engaging in real investment research and pitches through our education and fund meetings.
Our education process doesn’t stop after the first semester. Members are constantly trying to improve our skills through club-wide educational meetings and professional development sessions. These meetings are critical in order to improve our club's investment decisions, portfolio performance, and overall member excellence.