Join the Greatest Value Investing Membership on the Internet

Junto is a place where thinking value investors escape the conventional short-sightedness in the stock market and think more deeply about not just businesses, but also other worldly lessons, all in the pursuit of becoming more intelligent investors.

To accomplish this pursuit, we do not lie idle. We eagerly dissect everything we can get our hands on from company reports and filings, books, newspapers, periodicals, trade journals, and much more. We learn voraciously, tear out the most important, connect the dots, write about it, and occasionally take action when the opportunity is right.

We study and invest in businesses by thinking like business owners first and foremost. When we buy stocks, we imagine that we’re purchasing the entire business while keeping the management in place, which allows us to think more about factors that impact the long-term value and earnings power of the company. We let volatility work to our advantage and we believe that the right opportunities will come to the very few who know where to look and are willing to wait while learning in the process.

Through the Junto membership, you will access the following.

1. Full transparency of the Junto investment portfolio so you can invest right alongside us. Use the portfolio calculator to easily figure out the quantities to buy of each security to follow our portfolio 1-to-1.
2. A members-only newsletter in which you’ll receive immediate email notifications when we buy or sell securities as well as in-depth bi-annual reports detailing our thoughts on the current state of the market, our portfolio companies, and occasional musings.
3. Full access to all our company analyses and valuations in which we deep-dive into our portfolio companies or study all kinds of businesses as learning cases.
4. Full access to the Sanity Check Model which allows you to do a full analysis and valuation of a company from making the right accounting adjustments, to gauging the value drivers, to ultimately value the company and tie your analysis together.
5. Full access to the Sanity Check Database where you can access all Sanity Check Models made for every company we look at. We upload valuation models and full analyses of interesting companies every single day from all over the world. Each model contains up to 20 years of historical financials, all accounting adjustments and valuation assessments are done manually, and every model is reviewed personally by Oliver Sung.

All for the price of $199 per year (or about $16.60 a month).

I want you to think of the Junto membership as participating in a modern-day investment partnership. As a member, you will manage your funds at your sole discretion but have the full opportunity to follow our investment journey.

This means that contrary to a traditional partnership or hedge fund, we will not lock up your money with a monthly or quarterly redemption period while only giving you shallow information about what your hard-earned money is invested in.

Rather, we take you behind the curtain by being completely honest about our thoughts, decisions, successes, and mistakes. You will see the entirety of our process, the things we look at, and the things we read. We believe in being completely open and transparent, admit to our mistakes (and there will be many), call them out, and learn from them.

We look to partner with like-minded investors who are interested in a patient, long-term investment approach that is rooted in the principles of value investing. If that sounds like you, you will inevitably find tremendous value in the membership.

We hope to welcome you aboard!

Oliver Sung, Founder & Research Analyst