Once we’ve donethis, we take all of ourstocks and put them into adashboard, which is just ourmaster Excel worksheetthat has all the valuations.Then we sort by reward-to-risk, and this is what reallydrives the framework forour portfolio. Sortingthrough that reward-to-riskhelps us make our buy andsell decisions and portfolio-weighting decisions.

“The mostimportant thing inthe market, as inalmost anyendeavor, isdiscipline.”

Presented ToThe Ivey Business SchoolBen Graham Centre for Value Investing