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Christopher Browne : The prince of value
Submitted on 12/09/2007
Christopher Browne traces his investing approach directly back to Warren Buffett's guru, Ben Graham. Guess what? It still works. 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. Tweedy Browne's three mutual funds are pure examples of value investing - buying out-of-favor stocks on the cheap - and Browne has written what may be the most easily digested book on the topic, "The Little Book of Value Investing."
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