Founded in 1977 by the late Al Frank, The Prudent Speculator newsletter started as The Pinchpenny Speculator. The newsletter’s value investing philosophy believed in buying undervalued stocks and holding them for an extended period of time until they reach their full potential. Al believed in finding bargains in the stock market, just like you might at a shopping mall. Al’s investment philosophy still rings true over four decades later. The Prudent Speculator continues to focus on the three core tenets of selection, diversification and patience and strives to hold stocks for 3-5 years.