As with our other Strategy Blogs, once a month we will rank the JSE into 10 deciles based on Price/Book ratio and then publish the contents of the Decile-10 portfolio. This is the portfolio with the lowest 10% of Price/Book ratios on the JSE. As we have shown in our historical research, this portfolio repeatedly manages to significantly outperform the ALSI. This is similar to the "Dogs of the Dow" theory except that we are basing our measure of bargain on the Price/Book ratio as opposed to th...
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