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For more than 30 years, The Prudent Speculator has conveyed the virtues of an investment strategy founded on:

     1) Selection - focusing on relatively undervalued stocks,
     2) Diversification - buying lots of them and
     3) Patience - holding them for their long-term appreciation potential.

This focus on patience allows our subscribers to thumb their noses at one of the pillars of the universe: time. Here's how we put time to work for you without having to navigate any dangerous wormholes: We sit down, strap ourselves in and begin poring over thousands of financial statements. But we don't limit our possibilities by market-cap or traditional value-versus-growth distinctions. If small-cap stocks have had a great run, it's time to start looking at mid- and large-cap companies. If a $100 million tech stock with a cash-rich balance sheet is inexpensive, we'll consider it.

It torments. It confuses. But having crunched thousands of numbers to unearth what we feel are bargains, we can be confident that their value will emerge in time. This makes it easier to be patient. Which is why, on average, we hold stocks for over six years.

Once you see the benefits of having a long-term, value-based investment philosophy working for you, we think you'll feel the urge to put your feet up. And wait patiently as we put time to work for you.

Those first thirty years of The Prudent Speculator were just the beginning. It's not too late to reserve a seat on our next trip. But hurry. Time's a wasting.

The Prudent Speculator (TPS) has been the #1 ranked, not adjusted for risk, investment newsletter for the past 10, 15, 20 and 25 years according to The Hulbert Financial Digest (as of 08.31.08). TPS is focused on value investing and was created for the individual investor. Al Frank founded TPS March 1977. John Buckingham has continued our traditions as president and editor of TPS.

Additional information may be found on The Prudent Speculator's Web site.

For an introduction to our investment philosophy, we offer the free semi-monthly Buckingham Report. In it, we place our investment philosophy in the context of broader macroeconomic and market trends.

Prior issues of The Buckingham Report can be found here.