Hope In Adversity & Caution In Prosperity

Hope In Adversity & Caution In Prosperity by Evan Delaney, Burgundy Blog Quality-value investors are hopeful in the face of adversity and cautious in times of prosperity. We look to buy high-quality securities that have been unjustly beaten down by the market due to some short-term affliction, with conviction that the value of the underlying companies will be recognized in the market once a recovery takes place. Our investment philosophy often runs contrary to market trends and keeps us level-headed through the various stages of the market cycle. In the recent prolonged bull market with valuations soaring high, we have…