James River: Time To Average Down

Group 1 - The company James River (NASDAQ: JRVR) has seen a significant decline of 50% since the last buy recommendation, indicating a potential overreaction by the market despite the tangible book value remaining stable [1] - Management is actively seeking to offload assets, which may signal a strategic shift or an attempt to improve financial stability [1] - The investor expresses a focus on emerging markets and values a contrarian investment approach, suggesting a willingness to invest in companies with high uncertainty but low risk [1] Group 2 - The investor holds a beneficial long position in JRVR shares, indicating confidence in the company's future despite current market conditions [2] - The article reflects the author's personal opinions and is not influenced by external compensation, emphasizing an independent analysis [2] - The investor's economic thinking is influenced by notable economists, suggesting a potential shift towards an Austrian economic perspective in future analyses [1]