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Vinvesting.com is the leading website for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc. Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates. |
Buy value funds while they're down
By admin - Posted on November 20th, 2007
This article looks at three whose managers stand consistent in their approach, even as growth stocks' returns have dwarfed theirs. Their patience and persistence will pay.
Most people take credit for winning. Wally Weitz takes credit for losing. "Over the years, our investors have gotten used to seeing our funds zig while the market zagged," the manager of Weitz Value Fund (WVALX) wrote to his shareholders at the end of September, when the fund was down 4% for the year, 9 percentage points worse than the market. "In the third quarter of calendar 2007, we outdid ourselves."
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