November 26, 2008

Inside This Issue


Truth or Consequences

Charles de Vaulx, Charles de Lardemelle, International Value Advisers

International Value Advisers’ Charles de Vaulx, Charles de Lardemelle, Simon Fenwick and Michael Malafronte explain why they focus on worst-case scenarios, how they define “good” and “bad” cyclicals, the key lessons learned from Jean- Marie Eveillard, and why they believe International Speedway, Cintas, Fresnillo and Temp Holdings are mispriced. 

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Excellent Translation

Francisco Parames, Bestinver Asset Management

Francisco García Paramés, Álvaro Guzman de Lázaro and Fernando Bernad of Spain’s Bestinver Asset Management describe how they value beaten-down cyclicals, why they don’t invest too far from home, the “two layers of undervaluation” they see in holding companies, and why they see mispriced value in BMW, Repsol, Alba, Cofide and Esprinet. 

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Uncovering Value

Large holdings of star investors have not been immune to the market crisis – making them ...
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Of Sound Mind: Envy

The power of envy to motivate can produce mildly beneficial results ... and downright calamity.
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Analysis

A textbook case of “certifiably crazy” market behavior creating a wonderful buying opportunity.
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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.