At InView, we believe that:

• Stock prices systematically overreact to transitory psychology or events without regard to long term outlook or Intrinsic Value.

• The subsequent adjustment (or mean reversion) of stock prices that overreact is predictable. Former "losers" ultimately become "winners".

• The greater the overreaction, the greater the subsequent price adjustment.

These insights lead to tenets which drive our investment process:

• Stock prices are systematically mispriced relative to their Intrinsic Value presenting frequent Price/Value disparities.

• Price tends toward Intrinsic Value in the long run.

• Significant Price/Value disparities can be consistently identified with a disciplined process leading to attractive investment performance.