Chris Rees was featured in, a book about self-directed investors outperforming the market. It’s a feat that Mr. Rees continues to accomplish with ease. Now in his 70s, he continues to invest in deep-value stocks – those selling for less than the break-up value of the company –
These days, no investment is safe – not even cash, whose purchasing power is eroded by inflation. Last year was one of the most difficult for investors in a generation. This year should be somewhat better, as long as inflation keeps moving down and the central banks don’t go on another rate-increase spree. But we won’t know that until 10 months from now. In the meantime, we need to pay close attention to RRIF portfolios with a view to minimizing risk and preserving capital.