Charles de Vaulx's Value Investing Congress Presentation ~ market folly

Wednesday, September 18, 2013

Charles de Vaulx's Value Investing Congress Presentation

We're posting up notes from the 2013 Value Investing Congress in New York.  Next up is Charles de Vaulx of International Value Advisers.

Charles de Valux's Value Investing Congress Presentation

They're very cautious right now: "never been as cautiously positioned."  He feels US stocks are fully priced right now.

They've reduced their gold position as well.  He's worried a lot about China and says it's a big question mark.   However, he thinks Japan is cheap mainly due to corporate governance.

He emphasized minimizing losses as a key to compounding wealth.

His idea was Millenium & Copthorne Hotel which he says has been disregarded since it's not a pure play on Asia, Europe or Americas.  

Be sure to check out the other presentations from the New York VIC here.

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