10 Value 10

It's evolving. As an avid reader of value-based authors and research, I decided to condense my thoughts into 10 rules to help me appraise new and existing investments; these rules are detailed on my blog. 

Early days, but I feel that I am getting value out of the objectivity and consistency which the application of these rules bring, both to buying and selling.

My target return is an IRR of 15% after fees across my whole portfolio.

To me "under-valued" encompasses: low PERs, discount to net assets and special situation opportunities.