Tips by Jean-Marie Eveillard

We believe the U.S. is already heavily over-stored, so retail has become more of a zero-sum game – one company’s success is at the expense of...
We don’t look at gold as a commodity, but as a form of insurance against what Peter Bernstein calls extreme outcomes. In most circumstances in which...
In general, there aren’t many countries in which we wouldn’t invest. But if a country is too economically or politically troubled or the rule of...
The fundamentals of value investing – which to my mind are based on common sense – still work, and work equally well across borders. We look at...
The knock on diversified funds is that they’re index-huggers, which given the geographic breadth of where we invest, is not at all the case for us....
If one is wrong in judging a company to have a sustainable competitive advantage, the investment results can be disastrous.
If you are a value investor, you’re a long term investor. If you are a long-term investor, you’re not trying to keep up with a benchmark on a...
Whenever Ben Graham was asked what he thought would happen to the economy or to company X’s or Y’s profits, he always used to deadpan, “The...