The Long View Charles de Vaulx: Why Value Investing Has Slumped but Will Rebound
Our guest on the podcast this week is Charles de Vaulx. De Vaulx is chief investment officer and portfolio manager at International Value Advisers, where he is also a partner. With his colleague Chuck de Lardemelle, de Vaulx manages the IVA International and IVA Worldwide strategies. Before joining IVA in 2008, de Vaulx had been the portfolio manager of First Eagle Global, First Eagle Overseas, First Eagle U.S. Value, and First Eagle Variable. For his accomplishments, Morningstar has recognized de Vaulx several times in the past, awarding him and his comanager our International-Stock Manager of the Year Award in 2001 and nominating them for the same award in 2006. De Vaulx began his career at Societe Generale Bank as a credit analyst in 1985. He graduated from the Ecole Superieure de Commerce de Rouen and holds the French equivalent of a master's degree in finance.
Background
IVA Worldwide IVWIX
IVA International IVIOX
References
Modern monetary theory (MMT) definition
Herfindahl-Hirschman Index (HHI) definition
Creative destruction definition
A History of Interest Rates, by Sidney Homer and Richard Sylla; 2007
"The Irresistible Charm of the Family Factor," by Credit Suisse, Sept. 27, 2017
"The Superinvestors of Graham-and -Doddsville," by Warren Buffett, Columbia Business School, May 17, 1984
Berkshire Hathaway 2013 shareholder letter, Page 20
Superforecasting: The Art and Science of Prediction, by Philip E. Tetlock and Dan Gardner, 2016