Comments on: Typical Story of an Unknown Value Investor with Little AUM http://amarginofsafety.com/2012/02/13/typical-story-of-an-unknown-value-investor-with-little-aum/?utm_source=rss&utm_medium=rss&utm_campaign=typical-story-of-an-unknown-value-investor-with-little-aum "...to distill the secret of sound investment into three words..." Mon, 24 Aug 2015 14:39:02 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Frank Martin http://amarginofsafety.com/2012/02/13/typical-story-of-an-unknown-value-investor-with-little-aum/comment-page-1/#comment-5333 Frank Martin Mon, 15 Jul 2013 19:39:00 +0000 http://amarginofsafety.com/?p=1294#comment-5333 Good write up on Allan Mecham. While it can be a tricky business, reading managers, particularly owner/operators, has added great value for me. Always like to see how closely the talk squares with what is disclosed in the proxy. Most managers, sadly, don't warrant to visit. Hope to visit Prem Watsa and Ned Goodman while in Toronto in November. I've been warned! MCM, started in 1987 with primary focus on municipals and governments, turned to value equities around 2000. Story is in A Decade of Delusions. If you read Chapter 10 I'll send you my personal performance record (which is referenced therein) since 2000. After having a rather atypical experience in 2007-2008, tough finding absolute value in a Shiller 23 market. Good write up on Allan Mecham. While it can be a tricky business, reading managers, particularly owner/operators, has added great value for me. Always like to see how closely the talk squares with what is disclosed in the proxy. Most managers, sadly, don’t warrant to visit. Hope to visit Prem Watsa and Ned Goodman while in Toronto in November. I’ve been warned!

MCM, started in 1987 with primary focus on municipals and governments, turned to value equities around 2000. Story is in A Decade of Delusions. If you read Chapter 10 I’ll send you my personal performance record (which is referenced therein) since 2000. After having a rather atypical experience in 2007-2008, tough finding absolute value in a Shiller 23 market.

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