Amit Wadhwaney: ’Buying Cheap Has a Number of Attractions’

Today’s guest on The Long View is Amit Wadhwaney, portfolio manager and co-founder at Moerus Capital Management. Amit has over 30 years of experience researching and analyzing investment opportunities in developed, emerging, and frontier markets worldwide. Prior to co-founding Moerus, Amit was a portfolio manager and partner at Third Avenue Management, where he worked alongside his Moerus co-founding partners. Amit founded the international business at Third Avenue and was the founding manager of the Third Avenue Global Value Fund, the Third Avenue Emerging Markets Fund, and the Third Avenue International Value Fund. Earlier in his career, Amit worked at MJ Whitman LLC, a New York-based broker/dealer. Prior to joining M.J. Whitman, Amit was a paper and forest products analyst at Bunting Warburg, a Canadian brokerage firm. He began his career at Domtar, a Canadian forest products company. Amit holds an MBA in finance from the University of Chicago. He also holds a BA with honors and an MA in economics from Concordia.

00:00:00 Introduction

00:02:05 Investing Versus the Business of Investing

00:09:48 Why Macroeconomic Forecasting Often Fails Investors

00:10:36 Survivability as the Core of Risk Management

00:16:58 Why “Trouble” Creates Opportunity for Value Investors

00:32:04 Exploring Value-Accretive Corporate Activity

00:47:23 Is Today’s Market Setting Up a Value Comeback?

How the Iran War Is Shaping Markets

3 Well-Regarded Large-Value Funds for Investors Seeking Balanced Portfolios

The Value Stock Comeback Is Messy. Here’s Why Investors Shouldn’t Turn Away

If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com.

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