Big Mo' And Your Portfolio

For a dyed-in-the-wool value investor, the idea of buying a red-hot stock is probably anathema. After all, value investors try to buy stocks that are cheap compared to business fundamentals like earnings, sales and book value. They get excited when a stock of a good company is falling in price, because it means that, all things being equal, they can get a better deal. In fact, John Neff—one of the most successful value investors of all- time—said scouring the financial pages for...