Pzena: The Opportunity In Value Stocks Is Compelling

Johnny HopkinsRichard PzenaLeave a Comment

In their latest Q3 2021 Market Commentary, Pzena discuss the compelling opportunity in value stocks. Here’s an excerpt from the commentary: We have argued for some time that the opportunity in value stocks is compelling: valuations are cheap, operating metrics are strong, and they offer high single-digit to low double-digit … Read More

Rich Pzena Top 10 Holdings (Q2 2021)

Johnny HopkinsRichard PzenaLeave a Comment

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

Pzena: Value Doesn’t Need Inflation To Work

Johnny HopkinsRichard PzenaLeave a Comment

In their latest Q2 2021 Market Commentary, Pzena discuss inflation, value investing, and the performance of cheap vs expensive stocks across inflationary environments. Here’s an excerpt from the commentary: Inflation, its effect on the market, and its implications for our portfolios have been frequent topics in recent client conversations. Whether … Read More

Value Investing Masterclass: Greenblatt & Pzena – Excess Financial Leverage And Value Investing are Not Good Bedfellows

Johnny HopkinsJoel Greenblatt, Richard Pzena, Value InvestingLeave a Comment

In their recent Value Investing Masterclass, Rich Pzena and Joel Greenblatt discuss all things value investing including their days spent worked together on a Ben Graham paper in college. During the interview Rich Pzena also discusses his thoughts on why value investing and excess financial leverage are not good bedfellows. … Read More

Rich Pzena: Momentum Is With Value

Johnny HopkinsRichard PzenaLeave a Comment

In their latest Q4 2020 Market Commentary titled Momentum Is With Value, Pzena Investment Management discussed why they believe we are in the early stages of a value cycle due to an earnings recovery that will favor value stocks. Here’s an excerpt from the commentary: Companies reacted to the operational … Read More

Rich Pzena’s Top 10 Holdings (Q3 2020)

Johnny HopkinsRichard PzenaLeave a Comment

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More