February 29, 2008

Inside This Issue


Survival of the Fittest

Ed Wachenheim, Greenhaven Associates

Ed Wachenheim of Greenhaven Associates explains why he doesn't mind boring his fellow investors, how value investing has and has not changed in the past four decades, why he avoids pharmaceutical stocks, what he's doing about his biggest recent mistake, and why he sees unrecognized value in Hartford Financial, Unum Group, Toyota and FedEx.

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Nuts and Bolts

Robert Lietzow, Lakeway Capital

Robert Lietzow of Lakeway Capital describes why unglamorous companies make great investments, the types of things that make businesses defensible, his market-cap “sweet spot,” how investing is like golf and what he thinks the market is missing in Kaiser Aluminum, Autoliv, Texas Industries, Koppers and Thermadyne. 

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Uncovering Risk: Busted IPOs

IPOs can provide fertile ground for bargain-hunting investors – after the shares have tanked, that is.
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Strategy: Seth Klarman

The legendary investor explains how he tries to avoid the stresses that lead to poor decision-making. 
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Editors’ Letter

Take a few deep breaths before flocking to market disasters like moths to a flame; Defining ...
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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.