Value Managers Take Losses

By on September 1, 2008

In this Wall Street Journal article, value managers John Rogers of the Ariel Funds, Bill Miller of Legg Mason Value Trust, Bill Nygren of the Oakmark Select Fund, Wally Weitz of Weitz Partners Value Fund, Martin Whitman of Third Avenue Value Fund, and Chris Davis of Davis Advisors explain their rational for dumping financial and housing related stocks that they previously believed were undervalued. Most claimed to be taking tax losses, which I did here with Citigroup recently.
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