WEALTHTRACK The Culture of Value Investing From Ben Graham’s & Warren Buffett’s Former Brokerage Firm
“It’s a marathon, not a sprint” describes the investment time horizon of Tweedy, Browne’s senior portfolio managers William Browne and John Spears.
Wall Street is haunted by the ghosts of brokerage firms past. Names such as Dean Witter, Kidder Peabody, PaineWebber, and Smith Barney were thriving independents. No more! Even the Merrill Lynch name is being gradually erased by parent company Bank of America.
There is one old-line firm still standing however with an impeccable investment pedigree that is carrying on its deep-rooted value traditions. It is Tweedy, Browne Company
Although they are both traditional long-term value investors there is nothing old fashioned about their performance.
Buffett’s partner Charlie Munger once described Tweedy Browne as “…absolute spiritual descendants of Ben Graham… they are like Buddhists or Tibetan monks who absolutely bought into the catechism.”
Classic value investing – delivering modern outperformance. In a WEALTHTRACK exclusive, Tweedy, Browne’s senior portfolio managers explain their Ben Graham/Warren Buffett approach.
WEALTHTRACK #1552 broadcast on June 14, 2019.