Thursday, August 30, 2007

The world according to Eveillard

Why disciplined value investing is so difficult. Ask yourself a simple question - "If Warren Buffett is the second-richest man in the world, why aren't there more professional value investors ?" Jean-Marie Eveillard of First Eagle Funds says "If you are a value investor, every now and then you lad. It can be very painful. To be a value investor, you have to be willing suffer pain"

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