Q. Murray Hill's strategy seems to be mostly "value-add," which involves buying undervalued properties and improving them.
But as an appellation it is underappreciated, appealing to a venture capitalist trained to seek out undervalued properties.
That service involves spotting undervalued properties and navigating the arcane rules each country has about vineyard acquisition.
In this respect, and in his quest for undervalued properties, the flamboyant financier might be seen as a strategic kinsman of investment magnates Buffett and Tisch.
The second-generation triumvirate have pulled this off by emulating Larry Tisch's strengths: picking undervalued properties, avoiding debt and caring more about cash accumulation than net income.
They troll the Internet for sites that, according to Mike Lyon, an investment banker at Arbor Advisors, are "undervalued property" — poorly designed, with little visibility on the Web.
For example, the NYPD undervalued property losses so that an incident was not listed as a felony, and a series of crimes in one place might be listed as a single event.
Buffett bought undervalued property and waited for the returns.
Societe du Louvre, he said in a telephone interview, is "highly, highly undervalued," adding, "The value of the assets is two, two and a half times the value of the shares".
Consider, for example, that up until a year ago China's economy was able to grow at tremendous rates despite a highly undervalued stock market.
