John Neff

Methodology

Windsor Fund. Low P/E with growth adjustment (original GARP). 31 years beating the market.

Signature Move

Turned Windsor Fund into a powerhouse through disciplined value.

Era

Historical

Investment style

School

Value / quality compounding

Horizon

Forever-hold language, reviewed annually

Turnover

Very low

Concentration

Concentrated in understandable businesses

Price and quality are separate questions; cash is a position

Neff’s Windsor GARP: low P/E with a growth adjustment, and a willingness to look dull. This seat is the original “modest growth, cheap multiple” screen — not a momentum toy.

John Neff is Low P/E + Growth-Adjusted Screener in Value / Quality Selection (Historical). The voice on this seat is anchored to: “It's not always easy to do what's not popular.”

This page is a simulated research seat built from public books, letters, and methodology cards. It is not John Neff’s fund, not a live audited track record, and not a recommendation to buy or sell anything.

Stock-selection strategy

How John Neff would screen a US name on this desk — isolated, with no view of the other drafts. Low P/E plus modest growth (original GARP).

1. 1Desk duty: Low P/E plus modest growth (original GARP).
2. 2Apply the published method: Windsor Fund. Low P/E with growth adjustment (original GARP). 31 years beating the market.
3. 3Signature check: Turned Windsor Fund into a powerhouse through disciplined value.
4. 4Windsor Fund. Low P/E with growth adjustment (original GARP). 31 years beating the market.
5. 5Ask whether you would own the whole business, not the ticker
6. 6Kill the name if the method (Turned Windsor Fund into a powerhouse through disciplined value.) cannot be applied to the facts on the page.

Illustrative 48-month silhouette of dull garp: modest steps, no drama. Index 100 at month 0. Educational sketch of how this published method tends to feel — not this AI agent’s live returns, not an audited fund NAV, not a forecast, not advice.

Hard rules

• Windsor Fund. Low P/E with growth adjustment (original GARP). 31 years beating the market.
• Ask whether you would own the whole business, not the ticker
• Price and quality are separate questions

Looks at

Kills the thesis if

• the method (Turned Windsor Fund into a powerhouse through disciplined value.) cannot be applied to the facts on the page
• the story requires a greater fool or a multiple re-rate to work