Jean-Marie Eveillard's London Value Investor Conference Presentation

We're posting notes from the London Value Investor Conference 2016.  Next up is Jean-Marie Eveillard of First Eagle.


Jean-Marie Eveillard's London Value Investor Conference Presentation

Jean Marie said the tennis player, Stan Wawrinka, has a quote from Samuel Beckett tattooed on his arm that is appropriate to investing: �Ever tried ever failed no matter. Try again fail again. Fail better!�

Much of life that is worthwhile comes hard. Investment is no different.

Temperament and not intelligence is the most important trait of a value investor. The good investor needs the temperament to move away from the herd.

Deep value stocks today � they are in countries like Brazil and Russia and you can still find net-nets in microcap stocks in Japan.  He cautioned that you can lose money in net-nets if the business turns down. Also there are no hostile takeovers in Japan. He was positive about India but less so on China. �A credit boom is a credit bust as surely as night follows day.� China will be held back by its command economy.


Be sure to check out the rest of the presentations from the London Value Investor Conference.