Do good value Stocks have to be from good businesses or good companies? Most value investing gurus will make the case to search for a fallen company that is fundamentally a good business. However, my favourite fund manager - Irwin Michael suggests the contrary as is his nature. I always enjoy Irwin’s writing, not because of his tremendous track record, but because I am opened to new ideas for value investing through his logical analysis of common stocks for uncommon return.

I don’t forget about a stock when I sell it. Instead, I file it in my mental Rolodex. I often check back to see how it’s doing since we parted company. And I frequently find that stocks I’ve bought and sold are tempting to buy again after they’ve settled back to bargain levels.

Irwin is also one of the most forthcoming fund manaagers out there, offering tremendous transparency of his stock selection process through ValueInvestigator.com. I wish more fund managers are more like him so that the public can learn from the managers and be able to evaluate them as well.

MoneySense.ca: ‘Why I Love Sequels’ by Irwin Michael