A resource page devoted to Francisco García Paramés has been added to ValueWalk.
2. We have added some new calculators to the site this week . We have also added a mobile site, which is still being fixed up. More announcements to follow.
3. We will be adding 1-2 investor resource pages a week.
FRANCISCO GARCIA PARAMES
The Spanish Warren Buffett
“We try to find undervalued values… the next stage is to find companies; we buy good companies with good teams behind them, good shareholders and a good price”- Francisco Garcia Parames
Parames is Spain’s largest money manager at $6 billion under management. He is a follower of the Austrian School of Economics. From an investment standpoint, he typically looks for good businesses with strong management trading at a solid price. Currently, he feels that Europe is still a less efficient market than the U.S. Obviously as a value investor; this could be seen as a welcome development as it can present opportunities. Nevertheless, what is interesting here is that while Parames is based in Spain, he does not have a single cent invested in his country.
In his talk, Parames said that, “patience is our biggest competitive advantage.” He likes to buy family owned companies, something that is much more common in Europe (80% of his investments fit this criteria). In general, Bestinver focuses on strong businesses with high free cash flow yield.