Betting on the System


Will Browne, Tom Shrager, John Spears and Bob Wyckoff of Tweedy, Browne Company describe why they're often “aggressively inactive” in managing positions, why tamping down volatility is overrated, where they like banks and where they don't, and why they see unrealized value in Roche, G4S, United Overseas Bank and NGK Spark Plug.

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