There is a column article by John Dorfman at Bloomberg.com titled “Buffett, Dreman, Heebner Are Due for a Comeback”. Here are the key points:
Here is the bloomberg video clip:
Some of the nation’s best and most famous investors -- Warren Buffett, David Dreman, Ken Heebner and William Miller -- had hideous years in the bear market of 2008.
But these people with a long track record of investment prowess do not sudden become stock-market eunuchs.
These investors past success and investment experience worked against them in 2008. Experience told them stock market doesn’t collapse when interest aren’t hight and not rising. But it did in October and November
Warren Buffett recently bought shares of U.S. Bancorp, Union Pacific Corp., and Johnson & Johnson
Dreman, in the DWS Dreman Small Cap Value Fund, recently acquired shares in Legg Mason Inc., Helen of Troy Ltd. (hair-care products), RPM International Inc. (maker of Rust- Oleum paint and specialty chemicals) and General Cable Corp. (a maker and distributor of cable).
Ken Heebner is known to change his holdings frequently and abruptly, so information based on regulatory filings is sometimes misleading. With that caveat, as of March 31 the biggest position in his CGM Focus Fund was Morgan Stanley, and almost as large a holding, was Amazon.com Inc.
John Dorfman predicts that at least three of these four investment titans will have good years in 2009.
Here is the bloomberg video clip:
