Wallace Weitz on Finding Value Today, Wells Fargo and the Euro Crisis
Value guru, Wallace Weitz was on CNBC recently talking about finding value in these volatile markets. He thinks it it is important between macro conditions and valuable stocks. However Weitz does think the European crisis should continue for a while.
The only bank he owns is Wells Fargo. It has been a holding of his since the 1980s. He thinks Wachovia was a good acquisition by Wells, and thinks that the Wells can earn $4 per share, which would give it a pe of 6.
Einhorn’s FOF Re-positions Portfolio, Makes New Seed Investment In Year Marked By “Speculative Exuberance”
It has not just been rough year for David Einhorn's own fund. Einhorn's Greenlight Masters fund of hedge funds was down 3% net for the first half of 2020, matching the S&P 500's return for those six months. In his August letter to investors, which was reviewed by ValueWalk, the Greenlight Masters team noted that Read More