James River: The Market Has Overreacted

Core Insights - The article discusses the investment thesis for James River (NASDAQ: JRVR), emphasizing that potential upside requires patience and that the stock is attractively valued based on earnings and book value [1]. Company Analysis - James River is viewed as a bargain opportunity, particularly appealing to value investors focused on emerging markets [1]. - The company is positioned for long-term growth, with an emphasis on an owner-mindset approach to investing, largely ignoring macroeconomic noise [1]. Economic Perspective - The author expresses a shift towards an Austrian economic perspective, influenced by notable economists such as Henry Hazlitt, Friedrich Hayek, and Ludwig Von Mises [1]. - The article references the book 'Economics in One Lesson' as a significant influence on the author's economic thinking, highlighting the clarity and logic of its arguments [1].