If there is a positive in the current market mayhem it’s that mispricing opportunities abound.
And I am not talking about stocks that are perceived to be “cheap” relative to an assessed broker valuation or earnings multiple, or “cheap” relative to their peers. That’s a story for another day.
Instead, I want to focus on companies and trusts that are trading below what they are actually worth, or in some cases, trading above what they are worth. Importantly, ‘what they are worth’ is not in doubt – it can be estimated with a high degree of certainty.