In a wide-ranging three-part interview with Morningstar’s Don Phillips, top value investor Bruce Berkowitz discusses several aspects of his investment approach, including the willingness to go against the crowd and…
Search Results for: value
Forester Looks for Downside Protection
Top value investor Tom Forester, who was the lone equity fund manager to post positive returns in 2008, is worried about the U.S. and global economies and is thus keying…
Berkowitz Still Confident in Financials
…quarters, the trends are getting better, the balance sheets are building, tangible book value is growing,” Berkowitz tells Bloomberg from the Morningstar Investment Conference. “The problems from 2007, 2008, still…
Akre: Fundamental Analysis Is Critical
…I do know that each will gain in economic value per share both this year and next. How the market values that is unknown.” Akre also discusses broader portfolio strategy…
Bogle Talks Stocks, Munis, and The Fed
…to default and these bonds offer great tax advantages.” As for the Federal Reserve and its quantitative easing policies, Bogle is not a fan. “Stocks have a certain inherent value,…
Winters Finding Value in Developing Markets; Says Future Is Bright
Top value investor David Winters says he’s finding opportunities among luxury goods firms that are doing strong business in Hong Kong. Winters also tells Bloomberg that, more generally, he thinks…
Herro on Strategy, and Why He Likes Japan
…stocks of quality firms. He says he looks for cheapness by comparing the amount of free cash a business generates to its enterprise value; he says quality firms are those…
The Piotroski Method: An Overlooked Guru Turns Up Overlooked Gems
…high book/market ratios — i.e. the type of unpopular stocks whose book values (total assets minus total liabilities) were high compared to the value investors ascribed to them (their share…
Gabelli Looks for the Unloved
Value investor Mario Gabelli says he likes to buy shares of companies that are “ignored and unloved”, and those that are potential buyout targets. Gabelli also tells Bloomberg that he…
Muhlenkamp Likes Big Global Growth Plays
Top value investor Ron Muhlenkamp says big international growth stocks like Intel look attractive right now. “It is fascinating that Intel sells for just 10 times earnings,” Muhlenkamp tells Money…