Wallace Weitz Q3 Commentary “Uncertainty” is a permanent condition for investors. We pay attention to the macroeconomic and geopolitical backdrops, but we focus primarily on individual company valuations in making investment decisions. In recent months, as stock prices have risen faster than business values, we have been net sellers of stocks. We still like these companies and we would love a chance to buy most of them again at lower prices.
Full document is embedded in scribd:
Odey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More