Jean-Marie Eveillard's London Value Investor Conference Presentation

We're posting notes from the London Value Investor Conference 2016.  Next up is Jean-Marie Eveillard of First Eagle.


Jean-Marie Eveillard's London Value Investor Conference Presentation

Jean Marie said the tennis player, Stan Wawrinka, has a quote from Samuel Beckett tattooed on his arm that is appropriate to investing: “Ever tried ever failed no matter. Try again fail again. Fail better!”

Much of life that is worthwhile comes hard. Investment is no different.

Temperament and not intelligence is the most important trait of a value investor. The good investor needs the temperament to move away from the herd.

Deep value stocks today – they are in countries like Brazil and Russia and you can still find net-nets in microcap stocks in Japan.  He cautioned that you can lose money in net-nets if the business turns down. Also there are no hostile takeovers in Japan. He was positive about India but less so on China. “A credit boom is a credit bust as surely as night follows day.” China will be held back by its command economy.


Be sure to check out the rest of the presentations from the London Value Investor Conference.

Graham & Doddsville Latest Issue: Interviews With First Eagle, Jericho & More

Columbia Business School is out with the latest edition of its Graham & Doddsville investment newsletter.  This issue features interviews with Matthew McLennan and Kimball Brooker of First Eagle Investment Management, Josh Resnick of Jericho Capital, and Harvey Sawikin of Firebird Management.

Additionally, they talk with Eric Yip and Mark Unferth of Alder Hill Management, and Rolf Heitmeyer of Breithorn Capital.

Lastly, the new issue features student investment pitches of: long Altice, long Fiat Chrysler, long HCA, long Genuine Parts Company, and long Precision Castparts (PCP).

Embedded below is the latest issue of Graham & Doddsville:



Be sure to also check out the previous issue of Graham & Doddsville including an interview with Bill Ackman.