1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Wallace Weitz: It is important to be prepared

April 20, 2006 | About:

Wally Weitz wrote in his shareholder letter: We continue to believe that excessive credit creation and speculation in both real estate and securities markets will cause some anxious moments, at best, and possibly some serious financial distress for the stock market over the next few years. We are not cheering for trouble, but we think it is important to be prepared, just in case. So, we have continued to focus our portfolios on companies with strong balance sheets and managements that are flexible enough to deal with both favorable and hostile business environments. We offer no predictions about the next few quarters, but we feel very optimistic about the long-term prospects for the companies in our portfolios.

The questions he answered:

Why do you still like "old media" stocks?

Why are you buying "faded growth stocks" like Wal-Mart, AIG and Anheuser-Busch?

What’s so great about financial services stocks, especially with interest rates going up?

Read the complete letter


Rating: 4.0/5 (2 votes)

Comments

Please leave your comment:


Select portfolio(s):

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK