James Rosenwald, a New York stockbroker, visited Japan in 1966. He put a question to the chairman of Osaka’s Fuji Fire & Marine Insurance: How much is Fuji’s headquarters building worth? The answer surprised him. It was worth more than the market value of the company. Rosenwald began buying Japanese insurance stocks and made a lot of money for himself and his clients.
Fast forward to 1991. Rosenwald’s grandson, James B. (Jamie) Rosenwald III, goes to Seoul, South Korea… Read More>>
An Interview with Gifford Combs: When searching for corporate castles filled with gold, stick with rulers willing to share the wealth. A value investor through and through, Gifford Combs landed his first job out of graduate school by cold-calling Warren Buffett, who referred him to Phil Carret, who recommended that he talk to George Michaelis, who steered him to Jim Gipson of Pacific Financial Research and the Clipper Fund, where he stayed for 10 years. In 1998, he joined Los Angeles-based Dalton Investments… Read More>>