Who are some not-so-well-known Value Investors to follow who have relatively smaller funds ~$500M - $10B (i.e. not Buffett) ?
What are their 13fs? Is there an easy way to track performance of not-so-publicized value investors?
Hi Crackdaddy, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
Fingers crossed that one of those helps you.
guy spier the guys at tweedy browne not small but bill nygren ruane cuniff goldfarb don yacktman (slightly above 10bn) DF Dent (not value, but interesting)
I'd recommend reading the book "the value investors" for some lesser known peeps. 13Fs are guilty of window dressing, and following what someone's already bought is not a great strategy. sure it can show you some interesting names, but there's so much more to investing than just tickers
Yes there’s window dressing. But if the premise of value investing is long term buy-hold, why not emulate what top tier (but small for now) value shops are doing and replicating?
Seems to work for Mohnish Pabrai
be careful idolizing people like pabrai. his techniques and philosophy may be helpful, but he took a bath on horsehead, fiat, and rain and possibly wiped out years of outperformance
http://rakesh-jhunjhunwala.in/it-was-mistake-to-not-sell-10-bagger-stoc…
https://nexchange.com/article/11276
this is a dirty little secret in the value world, many of our idols made their money because of one or a handful of investments. does that mean they are insanely skilled and saw something we didn't? or, does it mean they saw something we didn't and happened to get lucky that their thesis was correct?
ben graham wouldn't be a god if GEICO hadn't worked out, ditto for buffett. phil fisher wouldn't have been anything without motorola, and so on. there are plenty of value guys who've made money and been diversified, but before you say buy and hold is the only way to go, ask pabrai how that's done the past few years and how much he'd have to rise to get back to even (he was down 30% in 2015 and between 25-40% depending on the fund in 2018). that's a big hole to climb out of
Additionally:
Fairholme Longleaf partners / southeastern asset management Baupost (more than 10bn and they do a lot of credit and some risk arb that won’t be represented on the 13f accurately)
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