Category Archive

In their latest 2022 semi-annual report, Tweedy Browne explain why this is an excellent time to be ‘mining for value’. Here’s an excerpt from the report: While the “zero bound” global economy of the last decadeplus favored passive investment over active investment, growth and technology stocks over value stocks, and … Read More

In their latest Q3 2022 Letter, Tweedy Browne explain why non-US stocks are priced for Armageddon. Here’s an excerpt from the letter: Rising equity market volatility continues to churn up investment opportunities, particularly in non-US equity markets where many stocks, in our view, are currently priced for Armageddon. As a … Read More

In their recent interview with Advisor Perspectives, the team at Tweedy Browne explained why price matters again and how the future is bright for value investors. Here’s an excerpt from the interview: Bob Wyckoff: We’ve been through a 10-year period, going back to 2012, that’s been a very tough stretch … Read More

In their recent interview with The Market, Thomas Shrager and Robert Wyckoff of Tweedy Browne explain how they combine insider buying with cheap valuations to identify opportunities. Here’s an excerpt from the interview: Host: You have mentioned insider buying several times. How important is it in your stock selection? Shrager: There … Read More

In their latest Q4 2021 Market Commentary, Tweedy Browne explain why price is once again starting to matter in investing. Here’s an excerpt from the letter: The last five years have been extraordinarily difficult for true value investors. Zero interest rate policies have a way of gumming up the pricing … Read More

In their latest Q3 2021 Letter, Tweedy Browne says the rotation towards value is ongoing and sustainable. Here’s an excerpt from the letter: Since the vaccine announcements last November, investors have been engaged in nothing short of an ongoing tug-of-war between the so-called “reopening trade,” which favors more economically-sensitive (often … Read More

In their latest Q2 2021 Market Commentary, Tweedy Browne says that the rotation to value is set to continue. Here’s an excerpt from the commentary: Looking forward, the question of the hour for many market observers is whether this rotation into value, which began in November, will be sustainable. While … Read More

In their latest conversation at the 2021 Virtual Value Investing Conference, the team at Tweedy Browne discussed a number of topics including how they calculate the intrinsic value for businesses, and which metrics they apply. Here’s an excerpt from the conversation: I would say is that the vast majority of the … Read More

In their latest Q1 2021 Letter, Tweedy Browne discuss the near-term prospects for value investing. Here’s an excerpt from the letter: Despite rising valuations, we continue to uncover attractively valued equities, as pockets of undervaluation still remain from the bifurcated markets of the last year. As value investors, we are … Read More

Tweedy Browne recently released a great paper titled – The Historical Tug of War Between Growth and Value, which shows that empirically a differential of at least 1,000 basis points in favor of Growth has been followed by a significant shift to Value. Here’s the chart:   You can find … Read More

In their latest 2020 Semi-Annual Report, Tweedy Browne provides some great insights into why if history is any indicator value investing is set to rebound, should active managers ‘chase the puck’ or stick with their disciplines, and signs of speculative excess – Tesla and Day Traders. Here’s some excerpts from … Read More

In their latest Q3 2020 Market Commentary value investing firm provides some great insights on where they believe the ‘green shoots’ are starting to appear for value investors. Here’s an excerpt from the letter: It has been an extraordinarily difficult stretch of time for value investors, with zero interest rates … Read More

In their latest Q2 2020 market commentary value firm Tweedy Browne discussed the rebound in U.S equities from early March, and that value stocks have rarely, if ever, been cheaper compared to growth. Here’s an excerpt from the commentary: If you were Rip Van Winkle, just waking up from a … Read More

In a recent interview with Advisor Perspectives the team at Tweedy Browne discussed why they believe value investing will continue to thrive. Here’s some excerpts from the interview: It’s been a tough stretch for value investing, particularly for those who take a statistical or a factor-based approach. The value factor … Read More

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

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