As the year winds down, it’s time again for GuruFocus readers to pick their favorite investing manager to be crowned Guru of the Year. In the past, readers have chosen legends such as Carl Icahn (Trades, Portfolio), Charlie Munger (Trades, Portfolio) of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) and David Einhorn (Trades, Portfolio). Post your vote in the comments section below and check back to see who will be 2015’s Guru of the Year.
Though value investors have relatively little concern for short-term performance and results, it’s clear that some gurus have had a better year than others. Bill Ackman (Trades, Portfolio)’s Pershing Square has generated headlines for its large stake in Valeant Pharmaceuticals (NYSE:VRX), which has been accused of improper business practices and accounting related to its partnership with a specialty pharmacy called Philidor Rx Services. Ackman has increased his position in the stock that has lost about half its value in the past few months, while other guru investors such as Wallace Weitz (Trades, Portfolio), Kyle Bass (Trades, Portfolio) and Jana Partners (Trades, Portfolio) have exited their holdings. Continue Reading »