The Globe and Mail reports in its Monday edition that McElvaine Investment founder Tim McElvaine believes the next few years will be kind to "deep value" investors like him. The Globe's Brenda Bouw writes that Mr. McElvaine says, "The passive investing trend means investors are concerned with popularity and market cap rather than price, which I think creates a huge advantage for patient investors willing to look beyond the indexes." His $35-million McElvaine Value Fund has 16 holdings, including a mix of small- and large-cap stocks and, currently, 13 per cent cash. The fund typically holds 10 to 20 per cent cash. Fairfax India Holdings is a stock he bought in November. The division of Prem Watsa's Fairfax Financial invests in public and private securities in India. He likes the economic prospects for India and the company's holdings, including its growing stake in Bangalore International Airport Ltd. He also likes that it is thinking about shareholders, and buys back stock regularly. "I also have respect for Mr. Watsa, as many investors do," Mr. McElvaine told The Globe. "He's often called the 'Canadian Warren Buffett.' Still, if the stock hadn't been cheap, I wouldn't have purchased it when I did."