Diversification, we find, serves us in two ways: by minimizing individual stock risk, while maximizing the likelihood of finding the big winners among the undervalued masses. The list, thus, is meant to serve as a portfolio foundation for new investors and as a pick-list for folks already maintaining well-diversified holdings.

While we like 100 or so stocks, we feature here, 30 favorites trading for discounts to our determination of long-term fair value and/or offering favorable risk/reward profiles. Each member of our three-person investment team chose 10 of their best ideas, spread across numerous industries and sectors.