Mike Price is a legend among American value fund managers. He is famous for his value investment. He especially likes complex transactions, such as mergers and acquisitions, mergers, bankruptcy, liquidation and so on. He can buy assets that are seriously undervalued by the market at an ultra-low price. During his fund investment career, he participated in numerous mergers and acquisitions, such as Sears (later renamed Xerox), Kodak, Macy's and Chase.

Mike Price is a typical value investor. He believes that as long as the following three things are done correctly, value investment can be successful:

The stock price is lower than the asset value (the company sells it at a price lower than the asset value).

The more managers who own shares, the better.

A clean balance sheet, the less debt, the better (a clean balance sheet, the less debt, the smaller the financial risk).