Christopher H. Browne, former managing director of the mutual fund company Tweedy Browne and legendary value investor, died Sunday from a heart attack, the company announced on its Web site. He was 62.
Mr. Browne stepped down in July from his duties as director, after two years of health complications, to become a senior adviser to the firm.
Mr. Browne graduated from the University of Pennsylvania in 1969 and joined Tweedy Browne, where his father also worked. He became partner in 1974, and would spend his forty-year career at the firm, which in the 1960s helped Warren Buffett take control of a New England textile company known as Berkshire Hathaway.
With a large stake in Hollinger International, he would lead a shareholder campaign against Conrad Black’s executive perks that ultimately landed Mr. Black in prison for fraud.
Mr. Browne was widely known for his twice yearly newsletter, and the author of The Little Book of Value Investing in 2006.
Knowledge grows through sharing! To be the best, learn from the best! May all your dreams come true! Collections of Value Investing articles, interviews and videos, especially on Warren Buffett and Charlie Munger and articles from various disciplines to build "Latticework of Mental Models"
Wednesday, December 16, 2009
Christopher H. Browne, Value Investor, Dies
Monday, December 10, 2007
Christopher Browne: The prince of value
If there's such a thing as an aristocracy of American investing, Christopher Browne is a full member.He's one of five managing directors of Tweedy Browne, a firm co-founded by his father, who brokered stock trades for Benjamin Graham, the creator of modern securities analysis.
Later, when Graham's most illustrious pupil, Warren Buffett, wanted to take a controlling interest in a then sleepy textile company called Berkshire Hathaway, Tweedy Browne bought the stock.
Given this lineage, it's hardly a surprise that Browne would become a spokesman for Graham's and Buffett's investing philosophy.