I found a recent video interview with guru value investor Bruce Greenwald. Bruce Greenwald is interviewed by an Financial Times Reporter on value investing. Bruce Greenwald is one of my favorite value gurus. He is the author of Value Investing: From Graham to Buffett and Beyond (Wiley Finance) which is a superb book on value investing. The book is required reading for guru Joel Greenblatt’s class in Columbia business school. Bruce Greenwald is also a director of research at First Eagle Funds. First Eagle Funds are a family of value funds that have outperformed the market by significantly over a long time frame. Greenwald was described by the NY Times as “a guru to Wall Street’s gurus”.
Greenwald has written a variety of books on economics and investing. In his book Competition Demystified: A Radically Simplified Approach to Business Strategy Greenwald describes what makes some companies while others fail. Greenwald has a must read chapter on how Wal-Mart overtook Kmart to become king of retail USA. He also wrote about globalization and trade issues between China and the USA
Below is a video where Bruce Greenwald discusses the importance of balance sheets to investing.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
Warrren Buffett recommended taking Bruce Greenwald’s class at Columbia University.
Bruce Greenwald says Benjamin Graham was more right 75 years ago about financial markets than almost anyone in the intervening period. He says Graham said to buy cheap, ugly and boring stocks which convinced many people Graham was crazy. Until people researched his ideas and realized his picks outperform the market by significant margins.
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