AhornCapital Value

Value Strategy, only direct investments in stocks and short term cash like financial instruments. From time to time full replication ETFs might be used. Worldwide Investment (no specific country focus, all worldwide investments will be considered based on the absolute return criteria). Mainly very long term holding period at least 10 years. However, from time to time I might take advantage of short term price fluctuations ("cigar-butts" positions). Investment will be based on multiple valuation criteria such as low PE, low P/B or low PEG ratio.