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February 29, 2008 |
Featured Investors: Ed Wachenheim, Greenhaven Associates; Robert Lietzow, Lakeway Capital; Seth Klarman, Baupost Group
Featured Investments: Autoliv, FedEx, Hartford Financial Services, Kaiser Aluminum, Koppers Holdings, Texas Industries, Thermadyne Holdings, Toyota Motor, Unum Group |
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| INVESTOR INSIGHT |
| Ed Wachenheim |
| Venerable value hunter explains why he doesn't mind boring fellow investors, how value investing has changed in four decades, why he avoids drug stocks, what he's doing about his latest mistake, and why he sees value in Hartford Financial, Unum Group, Toyota and FedEx. |
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| INVESTOR INSIGHT |
| Robert Lietzow |
| Market-trouncing manager describes why unglamorous companies make great investments, what makes a business defensible, his market-cap "sweet spot," and what he thinks the market is missing in Kaiser Aluminum, Autoliv, Texas Industries, Koppers and Thermadyne. |
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| UNCOVERING VALUE |
| IPOs can provide fertile ground for bargain-hunting investors – after the shares have tanked, that is. |
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| STRATEGY: SETH KLARMAN |
| Legendary Baupost Group founder explains how he tries to avoid the stresses that lead to poor decision-making. |
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| EDITORS' LETTER |
| Take a few deep breaths before flocking to market disasters like moths to a flame; Defining creativity. |
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| OTHER COMPANIES IN ISSUE |
| 3M, AIG, Allegheny Energy, Blackstone Group, Citigroup, Flowserve, Fortress Investment, General Electric, Honda, Melco PBL Entertainment, MetroPCS, NorthStar Realty Finance, Och-Ziff Capital, Orbitz Worldwide, Pzena Investment, Qimonda, RSC Holdings, Sealy, Union Pacific |
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