TIP747: John Neff: The Value Investor Who Quietly CRUSHED the S&P 500 w/ Kyle Grieve

On today’s episode, Kyle Grieve discusses legendary value investor John Neff, one of the most underrated investors in value investing, who quietly outperformed the S&P 500 for decades. You’ll learn more about Neff’s contrarian mindset, his focus on low PE stocks, and his disciplined yet unconventional approach, which shaped one of the most impressive track records in investing history.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:04 – The unconventional mindset that made John Neff a true contrarian investor

03:41 – Why “boring” businesses can be surprisingly beautiful wealth builders

04:18 – How lessons from his father and mentors shaped Neff’s investing philosophy

06:21 – The hidden danger of investment committees that drag down star performers

10:58 – The two simple categories Neff used to organize his view of the stock market

17:11 – Why Neff’s strategy leaned into dividends—and how that powered his outperformance

19:40 – The overlooked way he measured actual business value against the market

20:20 – How Neff found profits hiding in slow growers, cyclicals, and even high PE stocks

56:51 – The surprising blind spot of value investors who ignore compounders

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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