January 31, 2026

Inside This Issue


Quite Contrary

Ben Preston, Orbis Investments

Ben Preston of Orbis Investments describes why it’s important not to get overly invested in getting everything right, why he changed his mind about tech giant Alphabet, what he’s learned from analyzing the data on all his trades over the past 25 years, and what he thinks the market is missing today in Genmab, Techtronic, KB Financial and Fortune Brands.

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The Sun Finally Rises

Masakazu Takeda, Sparx Asset Management

Sparx Asset Management’s Masakazu Takeda explains where he's finding "growth stocks in disguise," why he thinks Japan's hard-won corporate-governance reforms will stick, why he doesn't own Japanese automakers, and why he believes Seven & I Holdings, Orix, Japanese homebuilders and Japanese property/casualty insurers are currently mispriced.

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Uncovering Value: Nice Ltd.

Taking a non-consensus view on how artificial intelligence will affect this customer-experience software business.
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A Fresh Look: Sirius XM

How to respond when there's not a lot going on, pro or con, relative to your investment case for a company.
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Editor's Letter

The single aspect of being a value investor that is the hardest one to teach.
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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.