The Ultimate Value Investor's Portfolio
I've compiled a top 10 list from the holdings of my favorite value managers.
Like you, I'm a value investor. As such, not only do I spend my own time canvassing the investment landscape for attractively priced investments, but I also closely follow several other managers' positions and investment themes, hoping to gain new insight for my personal portfolio. And given that I only have one set of eyes with a finite amount of time available to devote to research, piggybacking on others' work and ideas can often lead to fruitful investments that may otherwise not be immediately apparent.
Thus, I regularly analyze the holdings of a group of investment funds that have had attractive long-term returns, apply a value-based approach to investment analysis, and have happened to appear on my radar screen. (Although Berkshire Hathaway (BRK.B) and Markel (MKL) aren't mutual funds, they buy equities for the investment portfolios of their insurance operations.) I think that investors who follow these managers will gain unique insights into the investment world, and potentially boost their own returns. Over time I might add or delete from this group as appropriate. (Note: Our trading policy prohibits us from trading stocks based on information gleaned from interviews.)
Justin Fuller has a position in the following securities mentioned above: DELL, PHM. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.