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David Williams
By admin - Posted on February 8th, 2008
Tagged: David Winters, Founder and Chief Investment Officer of The Wintergreen Fund was interviewed for the Summer 2007 edition of Columbia Business School's investment newsletter, "Graham and Doddsville
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David Winters, Founder and Chief Investment Officer of The Wintergreen Fund was interviewed for the Summer 2007 edition of Columbia Business School's investment newsletter, "Graham and Doddsville
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By admin - Posted on August 23rd, 2007
Tagged: David Williams, manager of the Excelsior Value & Restructuring Fund, is buying Morgan Stanley, JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. because their shares are inexpensive compared to their profits.
Williams increased his holdings of financial stocks to a quarter of the $8.9 billion mutual fund, anticipating an interest-rate cut by the Federal Reserve. Shares of brokers, which declined 12 percent this year, rebounded last week after the central bank lowered the rate it charges banks for loans.
David Williams, manager of the Excelsior Value & Restructuring Fund, is buying Morgan Stanley, JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. because their shares are inexpensive compared to their profits.
Williams increased his holdings of financial stocks to a quarter of the $8.9 billion mutual fund, anticipating an interest-rate cut by the Federal Reserve. Shares of brokers, which declined 12 percent this year, rebounded last week after the central bank lowered the rate it charges banks for loans.
By admin - Posted on March 6th, 2007
Tagged: "Any baboon could do what I do," says David Williams. He's being far too modest. Very few humans have done what he has, which is to compile one of the most sterling investment records going. Since he took over the euphoniously named Excelsior Value & Restructuring fund (UMBIX) in 1992, it has returned an annualized 17%. That's six percentage points per year better than Standard & Poor's 500-stock index. And by the way, Value & Restructuring whipped the index 11 of those 14 years. So let's put baboons aside and concentrate on what makes Williams tick. "You just buy cheap stocks that no one else wants and invest in companies that you expect to be around for a long time. I think any baboon could do what I do." says David Williams.
"Any baboon could do what I do," says David Williams. He's being far too modest. Very few humans have done what he has, which is to compile one of the most sterling investment records going. Since he took over the euphoniously named Excelsior Value & Restructuring fund (UMBIX) in 1992, it has returned an annualized 17%. That's six percentage points per year better than Standard & Poor's 500-stock index. And by the way, Value & Restructuring whipped the index 11 of those 14 years. So let's put baboons aside and concentrate on what makes Williams tick. "You just buy cheap stocks that no one else wants and invest in companies that you expect to be around for a long time. I think any baboon could do what I do." says David Williams.
