May 22, 2005

Inside This Issue


Climbing A Wall of Worry

Marty Whitman, Curtis Jensen, Amit Wadhwaney, Third Avenue Management

Marty Whitman, Curtis Jensen and Amit Wadhwaney of Third Avenue Management explain their emphasis on the balance sheet over the income statement, the vagaries of distressed-security investing and why they see great value in Toyota Industries, POSCO, St. Mary Land & Exploration, Sycamore Networks and Aker Kvaerner. 

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From the Dark Side

Matthew Feshbach, MLF Investments

Matt Feshbach of MLF Investments describes why he invests in only a few stocks at a time, how he recognizes “inflection points” at which to buy, how he plays an activist role with his portfolio companies and why he has big bets on Alloy, Midas and Ambassadors International. 

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Uncovering Value

When momentum investors give up can be the time to buy.
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Behind the Numbers: Stubs

How to profit from these bizarre market inefficiences.
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Of Sound Mind

A dose of humility can be an invaluable investor asset.
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Editors’ Letter

Ignore the signs of management arrogance at your peril.
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Who's Behind VII?

John Heins, Co-Founder, Editor-in-Chief
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John Heins co-founded Value Investor Media, Inc. in 2004 and since then has served as its President and as the Editor-in-Chief of Value Investor Insight. In 2016 he took on an additional role as a Professor of Value Investing at the University of Alabama and is now the Director of the university's C.T. and Kelley Fitzpatrick Center for Value Investing.