June 19, 2005

Inside This Issue


Renaissance Investor

Bill Miller, Legg Mason Funds Management

Legg Mason’s Bill Miller explains why technology stocks are perfectly reasonable investments for value investors, how he takes advantage of “time arbitrage,” the secular trends he’s tracking most closely, why stock investors are overly pessimistic today and why he sees excellent value in DirecTV, Amazon.com, Sears, Nextel and Tyco. 

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Moat Control

Mark Sellers, Sellers Capital LLC

Mark Sellers of Chicago’s Sellers Capital Fund describes how he identifies sustainable competitive advantage, why good ideas in micro-caps and spin-offs are drying up, why he’s worried about Gander Mountain and why he sees great value in Niagara Corp., International Game Technology and Paychex. 

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Uncovering Value

We pore through the SEC filings of superior investors in search of great investment ideas.
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Of Sound Mind: Incentives

A heightened sensitivity to the power of self-interest is a valuable trait of successful investors.
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Editors’ Letter

Poor Charlie’s Almanack shines new light on the wit and wisdom of Charlie Munger.
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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.