Top 100 Value Investors

100people

Benjamin Graham

Father of value investing; net-nets, margin of safety, Mr. Market (Security Analysis, The Intelligent Investor)

Owner-earnings, economic moats, intrinsic value compounding (primary placement)

Mental models, "great business at a fair price," inversion, latticework of disciplines

Pure Graham deep-value, hundreds of cheap stocks held quietly for decades

Scuttlebutt research, 15 points, growth-at-quality (Common Stocks and Uncommon Profits)

Maximum pessimism, global value pioneer, contrarian country bets

Invest in what you know, tenbaggers, story-driven GARP (One Up On Wall Street)

Margin of Safety; absolute returns, distressed value, cash-as-option

Second-level thinking, market cycles, risk-as-permanent-loss (Memos to Oaktree clients)

Joel Greenblatt

Magic Formula, special situations, spinoffs (You Can Be a Stock Market Genius)

Dhandho framework, "heads I win, tails I don't lose much," cloning

The Education of a Value Investor; checklist investing, environment design

Bruce Greenwald

Columbia value chair; reproduction-cost, EPV (earnings power value)

Sequoia Fund, Buffett's anointed successor for partnership investors

GEICO equity head; concentrated, low-turnover compounding

Charles Brandes

Global Graham disciple, deep-value emerging markets

Third Avenue; safe-and-cheap, balance-sheet primacy, distressed

Windsor Fund; low-P/E, total-return ratio, contrarian dividend value

Insurance-stock compounder, "Davis Double Play" (multiple + earnings)

Christopher Davis

Davis Advisors; durable franchise compounders, owner mindset

15-yr S&P streak; intrinsic-value contrarian, tech-as-value

Oakmark; price-to-business-value gap, capital allocator-led companies

Greenlight; long deep-value / short fraud, balance-sheet forensics

Jean-Marie Eveillard

First Eagle global value; gold-as-policy hedge, patience

Matthew McLennan

First Eagle successor; resilience-first global value

Francisco García Paramés

"Spanish Buffett," Bestinver/Cobas; Austrian-school value

Álvaro Guzmán de Lázaro

azValor; Spanish deep-cyclical contrarian

Fidelity UK / China; contrarian special situations

Lindsell Train; global brand quality, ultra-low-turnover

Fundsmith; "buy good, don't overpay, do nothing," ROCE focus

Keith Ashworth-Lord

Sanford DeLand; Business Perspective Investing (UK Buffett school)

Canadian Graham; net-net global hunter, "There's Always Something to Do"

Fairfax Financial; "Canadian Buffett," float + deep-value equities

Chou Associates; deep-value, distressed debt, Canadian

Graham TA; lived to 109 still investing, deep-value purist

Tweedy Browne co-founder, original Graham net-net practitioner

Christopher Browne

Tweedy Browne; The Little Book of Value Investing

RV Capital; concentrated owner-operator businesses, German-school

Arlington Value; quiet 30%+ CAGR, "Tao of value"

Punch Card Capital; ultra-concentrated quality value

Himalaya Capital; Munger's anointed; China value (BYD)

Akre Focus; "three-legged stool" — business / management / reinvestment

Gardner Russo; "capacity to suffer," global consumer compounders

Weitz Investments; eclectic value, Buffett-influenced

Bruce Fund; small concentrated long-term value

ESL; capital-allocation activism (pre-Sears collapse model)

Value-checklist popularizer, T2 / Empire

Glenn Greenberg

Brave Warrior; super-concentrated high-quality value

SkyTop; concentrated value + capital cycle

Charles de Vaulx

IVA Funds; absolute-return global value, gold sleeve

Vitaliy Katsenelson

IMA; "active value" in sideways markets, Soul in the Game

Tobias Carlisle

Acquirer's Multiple, deep-value quant systematization

Alpha Architect; quantitative value (concentrated, factor-validated)

AQR; quant value-and-momentum, Fama-French factor practitioner

Joel Tillinghast

Fidelity Low-Priced Stock; small-cap value, Big Money Thinks Small

Jeremy Grantham

GMO; reversion-to-mean, asset-class value, bubble historian

GMO; 7-year forecasts, valuation-driven asset allocation

Grant's Interest Rate Observer; value-and-credit historian

Research Affiliates; fundamental indexing, value re-anchoring

see #38 (dedupe — skip)

Ariel; patient value, "slow and steady"

Southeastern / Longleaf; concentrated business-value gap

Donald Yacktman

Yacktman Funds; forward rate-of-return, free-cash yield

FPA Crescent; flexible, balance-sheet-aware absolute value

Robotti & Co; deep-cyclical industrial value

"Don't fight the Fed/tape"; valuation + monetary regime

Contrarian Investment Strategies; low-P/E behavioral value

GMO; behavioral value, "seven immutable laws"

Fuller & Thaler; behavioral value at scale

Aswath Damodaran

NYU "dean of valuation"; story-to-numbers DCF discipline

Morningstar moats framework, Five Rules for Successful Stock Investing

Focused Compounding; small-cap quality-value, scuttlebutt revival

Turtle Creek; concentrated Canadian value, 20%+ CAGR

activist value, Buffett-style holding-company aspirant

Charles Heilbronn

Chanel family office heir; long-duration private value

Markel; "mini-Berkshire," equity allocator inside insurance float

Markel co-founder; insurance-float capital allocation

Cornwall Capital; deep-OTM value (asymmetric, Big Short fame)

Epsilon Theory; narrative-aware value and meta-game

Saber Capital; quality-value compounders, blog-led research

Investors Management Corp; reinvestment moats, owner-operator

Wedgewood; concentrated quality-value

Robert Hagstrom

The Warren Buffett Way; Latticework of mental models

Larry Pitkowsky

GoodHaven; eclectic Buffett-school value

Christian Billinger

Billinger Förvaltning; Nordic quality-compounders

Third Point; activist value with constructivist letters

Pershing Square; concentrated quality-value with activism

Gabelli Funds; private-market-value (PMV) framework

Edgar Wachenheim

Greenhaven; "common stocks and common sense"

forensic accounting value, "look behind the numbers"

Acatis; German Buffett-school quality value

Massimo Fuggetta

Bayes Investments; behavioral / Bayesian value

Horizon Kinetics; "owner-operator" index, hard-asset value

Oakcliff Capital; ultra-concentrated owner-mindset value

Greenwoods; Chinese A-share concentrated value

Rule #1 Investing; Buffett-Munger framework popularizer

Royce Funds; small-cap value pioneer, quality-and-price discipline

Artisan International Value; global Buffett-school concentrated

PPFAS Mutual Fund; India's leading Graham-Buffett practitioner

Greenwood Investors; concentrated international value, capital-allocation focus