August 31, 2026

Inside This Issue


Living with Uncertainty

A. Rama Krishna, ARGA Investment Management

Rama Krishna and several of his ARGA Investment Management colleagues describe how they try to remove emotion and bias from their decision-making, why they consider themselves business analysts over stock pickers, how they estimate intrinsic value, and why they see unrecognized upside in Las Vegas Sands, Nokia, Nidec, Porsche and James Hardie.

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Hidden Treasure

David Mitchinson, James Salter, Zennor Asset Management

Zennor Asset Management’s James Salter and David Mitchinson explain why they believe governance reform in Japan still has legs, how they’re assessing macro themes related to AI, tariffs and the yen, what short-term risks are most top of mind, and why they see opportunity in Kyocera, Air Water, Park24, Sumitomo Osaka Cement and Kyoto Financial.

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Uncovering Value: PVA TePla

The investment case for an off-the-radar player in the semiconductor value chain.
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Uncovering Value: QuidelOrtho

Picking up the pieces in the wake of a misguided acquisition.
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A Fresh Look: Alcohol

Assessing whether this is a case of buying too early or falling into a potential value trap.
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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.