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Keith Trauner of the Goodhaven Fund
Posted by: Canadian Value (IP Logged)
Date: July 26, 2013 09:15AM
Keith Trauner is a former portfolio manager at the Bruce Berkowitz-run Fairholme Fund and is a value-focused manager.
Trauner believes that investors need to be aware that the current ultra-low interest rate environment is not a permanent condition.
Therefore he likes companies that are not heavily leveraged. In a rising interest rate environment companies with significant debt are going to suffer as annual interest expenses increase.
In the video below Trauner provides some specific examples.
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