May 31, 2025

Inside This Issue


Earning Your Keep

Bill Nygren, Michael Nicolas, Oakmark Funds

Harris Associates’ Bill Nygren and Michael Nicolas describe what they look for in a good investment idea, why they’re more clearly articulating their “mistake management process,” what thoughts come to mind about Warren Buffett, and what they believe the market is missing today in Airbnb, First Citizens Bancshares, Keurig Dr Pepper and Phillips 66.

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Pillars of Strength

Steven Scruggs, Bragg Financial Advisors

Steven Scruggs and Benjamin Mellman of Bragg Financial Advisors explain how their strategy grounds them during times of market dislocation, why “boring” ideas are often the best bet, how they’ve learned to let their winners run, and why they see mispriced value today in RLI Corp., Advance Auto Parts, Vishay Intertechnology, TD Synnex and UGI Corp.

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Uncovering Value: Alcohol

Questioning whether the party is over for out-of-favor global purveyors of alcoholic beverages.
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Uncovering Value: Diamondback Energy

Seeing investment opportunity in the best house in a not currently great neighborhood.
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Editor's Letter

A note from Warren Buffett; Updating a "can't-miss" stock; When old-fashioned wins the day.
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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.