"Two roads diverged in a wood and - I took the one less traveled by, and that has made all the difference."
- Robert Frost
At Donald Smith & Co., we have spent the last 38 years taking the road less traveled. We are pioneers in Deep Value Equity Investing. Our approach of investing in the lowest decile of price-to-tangible-book-value stocks is a truly differentiated strategy not replicated by many active managers.
Our two portfolio managers, Donald Smith and Richard Greenberg, have worked together for over 3 decades, building and refining our process-driven approach to investing in stocks selling at deep discounts to tangible book value. They are supported by a team of investment analysts and business professionals with extensive industry experience.
We offer separately managed accounts in All Cap, Large, Mid, Small, Micro Cap and Global Value Composites. The composites are all managed within the same time-tested investment framework and process by the same team.
Our process begins with a quantitative screening to identify stocks trading in the lowest decile of the market by price-to-tangible-book-value. Within this universe, we conduct intensive fundamental research to identify the stocks with the greatest potential for outperformance.