Style of Picks

Value strategy

Fallen Angels

Buy formerly high-quality businesses that have been sold off hard on a temporary problem — the moat is usually intact even when the price has panicked.

1–3 yearsIntermediate

Contrarian value investing — the term is borrowed from high-yield bond investing (an investment-grade bond downgraded to junk); adapted to equities by contrarian managers such as Anthony Bolton and David Dreman