Charles Brandes is the chairman of Brandes Investment Partners. He started the firm in 1974, and his firm managed $121.7 billion as of 9/30/2007. He manages multiple portfolios including US equity and Global Equity. Charles Brandes is listed as #488 in the Forbes List of World’s Richest People with a net worth of $2 billion. He is author of the book Value Investing Today
Investing Philosophy:
Charles Brandes is a Benjamin Graham disciple. Brandes consistently applies value investing to all portfolios managed by the Partnership. He seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values, and then hold them until the market recognizes their true worth.
One concept that value investors keep in mind is that a good company is not necessarily the same as a good investment.An established firm with high revenue levels and a stable, strong earnings record, for instance, certainly sounds like a good company. But like any company, that firm only represents a good investment if it can be purchased at a favorable price. More...
With the economic adversity of the last two years, many market participants and the financial media seem to increasingly focus on economic measures such as gross domestic product (“GDP”) in weighing investment timing decisions. Implicit in this interest is an assumption that an increase in GDP might signal when economic conditions are more favorable and more conducive to higher stock market returns. More...
From time to time, it can be very rewarding and reasuring to revisit some of our core principles and beliefs, those key values, insights and methods that are the basis for successful investment decision-making: More...
Charles Brandes' buys and sells during the third quarter. Value investing seems dead. Charles Brandes owns 206 stocks with a total value of $27.6 billion. More...
In 1934’s Security Analysis, Benjamin Graham and David Dodd argued that out-of-favor stocks are sometimes underpriced in the marketplace, and that investors cognizant of this phenomenon could capture strong returns. Conversely, the duo theorized, prices for widely popular stocks often are buttressed by high expectations and could be vulnerable if these expectations prove too enthusiastic.1 More...
In this article, we investigate whether “glamorous” companies in developing countries have outperformed their “value” counterparts over the last few years. We also reveal whether value investing has worked in emerging markets over the long term. More...
Billionaire investor Charles Brandes has added significantly to his positions in financials. Is he seeing that things are tuning around? These are his buys and sells during the second quarter. Charles Brandes owns 201 stocks with a total value of $34.8 billion. More...
The Brandes Institute has published a number of pieces illustrating the historical long-term performance advantage that value stocks have shown over glamour stocks. What about corporate bonds? In the attached article, “Value vs. Glamour: Bond Performance,” we show that bonds issued by value companies historically have provided greater appreciation than those issued by glamour companies. More...
Billionaire investor Charles Brandes seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values. When he buys, he does not concentrate to certain ideas, he buys a basket of those ideas. He likes homebuilders and financials now. These are the details of the buys and sells during the 4th quarter. More...
This is the most recent research paper written by Brandes Institute, the research arm of billionaire investor Charles Brandes' firm, Brandes Investments. The article reexamines assumptions used to calculate equity duration and poses key questions for investors to consider when pursuing LDI. More...
How did Charles Brandes become billionaire? By buying undervalued stocks in out of favor industries. As homebuilders and financials are trashed on Wall Street, Charles Brandes seems to love all of them, including Washington Mutual, Countrywide. These are the details. More...
As described in our "Value vs. Glamour" studies, value stocks have outperformed growth stocks over the long term. But what about commonly used benchmarks? Over the long term, aren't returns for growth and value indices about the same? More...
One of the Brandes Institute’s goals is to expand the investment community’s understanding of market behavior. As such, we are interested in aspects of behavioral finance. More...
Charles Brandes is another great value investor who made billions for shareholders and himself. His firm Brandes Investment is a clasic value investment firm. Charles Brandes owns 188 stocks with a total value of $58.3 billion. These are the details of the buys and sells. More...
Reports from value investing giant Brandes Investments. "This paper has two objectives: 1) investigate existing metrics for defining the global small-cap universe and examine their relationship to performance, 2) introduce regional and country universes designed to accommodate detailed analysis of constituent-level fundamentals to perhaps better explain performance differences smaong global small caps - and relative to large caps." More...
Research from Brandes Institute, updated from a previous report. "Out of favor stocks often are associated with companies experiencing hard times, operating in mature industries, or facing similarly adverse circumstances. Alternatively, fast-growing "glamour" firms frequently function in dynamic industries with a relatively high profile. This start contrast in attributes leads to a natural question: which stocks perform better, value or glamour?" More...
Billionaire investor believes that, in the long term, the prices of undervalued stocks will rise as the market recognizes their true worth. He seeks to buy stocks trading at prices well below the estimated value of the underlying businesses. These are his buys and sells during the first quarter of 2007. More...
Research from Brandes Institute on Death, Taxes, and Short-Term Underperformance. This research focuses on the performance results of a wide range of U.S. mutual funds over the last decade. Observations suggest that underperformance in shorter time periods - such as one quarter, one year, or even three years - is to be expected, even for portfolios that perform strongly over the long term. More...
How to invest in Falling Knives? Does 60% of price drop create a bargain? Read the research done by billionaire value investor Charles Brandes. More...
Billionaire investor Charles Brandes buys Boston Scientific Corp., Fleetwood Enterprises Inc., Plantronics Inc., JDS Uniphase Corp., Schweitzer-Mauduit Internation, Conseco Inc., Finish Line Inc., Federal Signal Corp., Koor Industries Ltd., Tomkins plc, sells Fuji Photo Film Co., Ltd. - American Depositary Sh, , Convergys Corp., Gold Kist Inc., Quilmes Industrial SA, Aquila Inc., MasterCard Incorporated Class A Common Stock, Johnson & Johnson, Kraft Foods Inc., Mentor Graphics Corp., National Western Life Insuranc, Tredegar Corp., Corus Group plc, Eli Lilly & Co., Mirant Corporation Common Stock, St. Paul Travelers Companies during the 3-months ended 09/30/2006, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 216 stocks with a total value of $54.1 billion. More...
Disclaimers: GuruFocus.com
is not operated by a broker, a dealer, or a registered investment adviser.
Under no circumstances does any information posted on GuruFocus.com represent
a recommendation to buy or sell a security. The information on this site,
and in its related newsletters, is not intended to be, nor does it constitute,
investment advice or recommendations. The gurus may buy and sell securities nm,qwerty1234567890-67890-uytrewpoiuytrewq a
before and after any particular article and report and information herein
is published, with respect to the securities discussed in any article
and report posted herein. In no event shall GuruFocus.com be liable to
any member, guest or third party for any damages of any kind arising out
of the use of any content or other material published or available on
GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com
or any content, including, without limitation, any investment losses,
lost profits, lost opportunity, special, incidental, indirect, consequential
or punitive damages. Past performance is a poor indicator of future performance.
The information on this site, and in its related newsletters, is not intended
to be, nor does it constitute, investment advice or recommendations. The
information on this site is in no way guaranteed for completeness, accuracy
or in any other way. The gurus listed in this website are not affiliated
with GuruFocus.com, LLC.
Daily updates provided by QuoteMedia, Inc. (CSI). Fundamental company data provided by Zacks, Inc.
Printer friendly format
