Yours Truly

Excellent article giofranchi.. sounds like a dilligent and owner-oriented CEO.. but I like their direct competitor more, DirecTV

I hear they invest in beaten down companies like BAC and DELL, clearly both are value traps!

Kerrisdale Capital Donville Kent Burgundy Asset Management Mawer Investment Management Giverny Capital McElvaine Investment Management Jarislowsky Fraser Limited Goodwood Capital

I would be very surprised if they weren't working on the next iteration.. I don't get how this is news

http://www.valuewalk.com/2012/12/warren-buffett-responds-to-whitney-tilsons-letter/

DirecTV, LMCA

Guess his trigger finger was too itchy and he HAD to buy something

Over the "long-term," most companies on the S&P500 and Nasdaq will not exist.. so to answer your question, i'm guessing that over the next 50 years, all three will not exist

Excellent, just started reading up on John Malone.. quite the fellow What also interested me was that Ted Weschler also had a large position as well as a few other value firms such as Weitz in Malone's company's

benefiting from the great short makes him a great manager. he was one of the very few to not only see it coming but to make himself a billionaire because of it. cheers! To me that says "lucky" rather than great. Kraven, I agree with your thoughts and analogy. If I recall, he had a pretty good record prior to the "big short"..

I would imagine this is less biographical and more investment/business related

The Brain Drain continues.. I wonder which ex-GS employee will take the helm

Sure, its moat can be diminishing in developed countries.. but what about the developing/emerging countries where health issues aren't a primary concern

Looks like Ted is still loading up on DTV and DVA.. i'm assuming the majority of the buy/sells are Todd's doing

interesting porfolio of financials and commodity type companies.. looks like he's going back to his old ways of heavy concentrating with the use of the kelly formula? It's probably only a slice out of his total AUM too?

Good win for Hamblin Watsa and Francis Chou... Per Capital IQ, it looks like Prem & Co sold out 50% of his shares in April of the Brick though

I believe dialysis falls within Ted's circle of competence and he must really like the wacky CEO

That's what Ben Graham did, and that's what I'm hoping to do myself! ;D Cheers! I hope you skip the part about dating your dead son's gf. :P LOL, 6 months here and 6 months there

YES I would.. irregardless of what class of asset it is.. 15% after that many years is tremendous I guess you wouldn't include Walter Schloss as a 'superinvestor' then even though Buffett calls him one That gets a bit strange because if a fundholder puts all of his money into Schloss' fund and mirrors Schloss performance, isn't the fundholder also a superinvestor? Sorry poor reading comprehension on my part.. I mis-read it as he, himself, was to start a small value fund

YES I would.. irregardless of what class of asset it is.. 15% after that many years is tremendous I guess you wouldn't include Walter Schloss as a 'superinvestor' then even though Buffett calls him one

This coincides perfectly with my borrowing of Investment Zoo from the library last night!

14.45% annualized since 1974 is pretty solid, though many have done much better. http://www.centman.com/investment-strategies/cm-value-i-all-cap-value/performance Many? You will struggle to come up with more than 5, maybe 10. Even if you would come up with 50 it will still make them a Superinvestor. They will certainly rank in the top 0.1% of the fund population. Great notes!! There are plenty of under-the-radar hedge funds/family offices that have done better; there's a guy out in California that has done 40% annualized since the early 80s. I can't confirm all of the records I hear about, but I hear enough scuttlebutt to make me believe that W.E.B. isn't entirely in a class of his own. With that said, Arnold Van Den Berg is a great investor. He was one of my recommendations to my parents when they were looking for a new asset manager. There are many good managers out there, but few go through the pains that CentMan takes to put clients' minds at ease. Customer service is usually the most neglected aspect of "value-focused" funds management. 40% annualized over 25+ years? surely this individual must be on one of those Forbes' list

Impressive indeed.. The only other investor that I've read about that bests this record is Ted Weschler during the same stretch

I would certainly include him.. He's only had four years of negative returns out of 35+ years in operation

Good read.. sounds like he has good instincts in forecasting future trends and picking the companies that will profit from it.. a combo macro/micro analysis technique