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Value First
04/30/2026Richard Oldfield and Sam Ziff of U.K.-based Oldfield Partners describe the virtue they still see in low absolute valuations, why they’re comfortable with non-binary potential outcomes, what they learned from investing in a Russian oil company, and why they see unrecognized value today in Swatch, Merck KGaA, ArcelorMittal and RIT Capital Partners.
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