Munger_Disciple Posted February 15 Posted February 15 Well-known value investing firm First Eagle is for sale: https://archive.ph/YPSXX I didn't know that First Eagle was owned by PE firm Blackstone. The famous value investor Jean-Marrie Eveillard used to work there. Hopefully this is a bottom indicator for value investors.
dwy000 Posted February 15 Posted February 15 20 minutes ago, Munger_Disciple said: Well-known value investing firm First Eagle is for sale: https://archive.ph/YPSXX I didn't know that First Eagle was owned by PE firm Blackstone. The famous value investor Jean-Marrie Eveillard used to work there. Hopefully this is a bottom indicator for value investors. Bought for $4bn. For sale for $4bn
gfp Posted February 15 Posted February 15 (edited) 17 minutes ago, dwy000 said: Bought for $4bn. For sale for $4bn Thank god for those hundreds of millions of dollars in annual dividends they probably pulled out of it along the way. It's tough out there Edited February 15 by gfp
LC Posted February 15 Posted February 15 1 hour ago, Munger_Disciple said: The famous value investor Jean-Marrie Eveillard used to work there Oh wow, I didn't realize he had fully retired, 5 years ago no less.
Dinar Posted February 15 Posted February 15 55 minutes ago, LC said: Oh wow, I didn't realize he had fully retired, 5 years ago no less. He is quite old. I saw him at the opera about a year ago, and he seemed very old. I think he has retired a decade or go or may be even earlier, and was just coming to the office the way retired professors do. I think Matthew has been running the show way before Covid.
Munger_Disciple Posted February 16 Author Posted February 16 (edited) 1 hour ago, Dinar said: He is quite old. I saw him at the opera about a year ago, and he seemed very old. I think he has retired a decade or go or may be even earlier, and was just coming to the office the way retired professors do. I think Matthew has been running the show way before Covid. Yes he retired at least a decade ago. I admire Jean-Marie; when he lost > 50% his AUM in the go go dot.com bubble days of late nineties because he refused to participate in the mania, he remarked: I would rather lose half my clients than half my clients' money. A class act! Edited February 16 by Munger_Disciple
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