The following articles are from various authors on value investing and other sections of our portfolio. We will be adding articles and excerpts to this page whenever we feel they may be of interest. Often, the articles explain very clearly what we are trying to accomplish and they can offer insights from other respected authors in the industry. As always, please contact us if you have any questions about what you read here.

            Additional information is available at the major value investment mutual funds. For more about value investment theories and discussions, please visit Third Avenue Funds, Franklin Templeton Mutual Series, Longleaf Partners and the Oakmark Funds.

• The Accidental Timers, by Chuck Jaffe, CBS Marketwatch.com, July 20, 2003

 
• Alan Greenspan as quoted in Barrons, May 8, 1999

 
• Another Little Sign, Reuters Limited, February 18, 2000

 
• Are Large Cap Stocks on Their Way Down?, May 1999

 
• Asset Allocation- Risk & Reward Table, March 2000

 
• Baupost Fund, quarterly report, June 1999

 
• Buying Energy Stocks, excerpted from Barrons, May 3, 1999

 
• CLIPPER FUND, excerpts from the Third Quarter Report, September 2000

 
• Did the Bull Market Die and Wall Street Miss It?, by Pierre Belec, Reuters, September 17, 1999

 
• A Disgraceful Magic Wand, by Warren Buffett, Investment News, April 1999

 
• Dark Side of This Market, by Barry Paster, April 1999

 
• The Dow Is Not the Market, By Jim Jubak, Worth, February 1996

 
• Excerpts from Barrons, various dates

 
• Explore the Value in Value Investing, The Vanguard Group, July 1999

 
• Greenspan Urges Close Eye on Stocks, by Alice Ann Love, Associated Press, August 27, 1999

 
• Hype and Anti-Hype, by James W. Michaels, Forbes Magazine, February 28, 2000

 
• Index Funds Seem Unusually Dangerous From a Long Term Point of View- Martin J. Whitman (From the Third Avenue Value Fund), 1998

 
• Internet IPOs: What Goes Up..., by Daniel Kadlec, Time Magazine, June 21, 1999

 
• "It's Loony" by Thomas Easton, Forbes, May 17, 1999.

 
• Jeremy Grantham, excepts from a Forbes Magazine interview, June 12, 2000

 
• The Levy Institute Forecast, by David A. Levy and S. Jay Levy, Barrons, July 3, 1999

 
• Market versus Investor Returns, May 1998

 
• Measuring Growth, by John P. Hussman, Barrons, May 3, 1999

 
• Microsoft Valuation, Reuters, September 23, 1999

 
• Mr. Irrational Exuberance, Forbes, October 4, 1999

 
• Signs of a "New Era" in Investing, by John Cunniff, AP Press, July 27, 1999

 
• New Guardians of the Gates, by Robert N. Veres,Dow Jones Investment Advisor, May 1999

 
• Outstanding Investor Digest, excerpts from the Sequoia Fund's Annual Meeting, By Bob Goldfarb, April 16, 1999

 
• P/Es Now Top Fabled "Nifty Fifty" Era, by Robert McGough, Wall Street Journal, February 28, 2000.

 
• Please Burst this Bubble, by Neil Barsky, Time Digital, May 17, 1999

 
• Portrait of a Bubble, by Alan Abelson, Barrons, June 21, 1999

 
• Small Cap Stocks: Superior Long-term Outperformance, May 1999

 
• To the Lifeboats!, by Andrew Smithers, Forbes, June 14, 1999

 
• Trade Deficit, by Nick Beams, August 28, 2000

 
• Y2K Paranoia or Greenspan's Irrational Exuberance?, by Pierre Belec, December 10, 1999

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