Tips by Charles de Vaulx

There's a saying that you should not confuse a clear vision with a short distance. We're willing to own gold even though it may not act as a hedge in...
One benefit of being a global investor is in learning how a particular business should be valued – which is often properly done in the U.S. – and...
We haven't been traditional emerging markets investors because we do not chase growth or glamour, but we like nothing better than to invest in...
We focus first on good businesses, with high returns on capital, barriers to entry and significant free cash flow generation over a cycle. If you're...
Tags: value, business
People tend to assume that the only form of active portfolio management is through relatively concentrated portfolios. We think there's an equally...
It's not during up years that great investment track records are made.
Ben Graham always made the point that even if you thought you had a portfolio of very cheap stocks, if the market at the time was fully priced, you...
I always respected that [mentor] Jean Marie Eveillard never showed emotions like anger, fear or panic – and maybe most importantly, greed.