July 31, 2026

Inside This Issue


Old School

Simon Adler, Liam Nunn, Schroders

Schroders’ Simon Adler and Liam Nunn explain how their strategy and process guard against behavioral investing traps, why they lean more heavily on history and mean reversion than trying to predict the future directly, how they're processing portfolio-company AI risks, and why they think Beiersdorf, Yamaha Corp. and Nippon Television are undervalued.

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HALO Investing

Sam Klar, GMO; Robert Robotti, Robotti & Co.; John Rotonti, Bastion Fiduciary

Portfolio managers Sam Klar of GMO, Robert Robotti of Robotti & Co. and John Rotonti of Bastion Fiduciary describe what’s driving their interest in select asset-heavy businesses, how AI is or isn't impacting their target companies, and why they believe railroad Union Pacific, heavy-equipment dealer Finning and manufacturing outsourcer Jabil are mispriced.

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Out of Sight

Erik Conrad, Peapod Lane Capital

Erik Conrad of Peapod Lane Capital describes why his style of value investing is no longer particularly common, the key risk he's keen to avoid, how he’s both expanded and contracted his opportunity set over time, his non-conventional take on the subject of value traps, and why he thinks the odds are in his favor today in AerSale, Hurco and Cato Corp.

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A Fresh Look: Icon

Reinforcement for the virtue of buying stocks at big discounts to estimated intrinsic value.
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Uncovering Value: Anadolu Efes

Where taking a deeper look might be time well spent.
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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.