"Why not sell all of our stocks and wait for a more favorable environment?"

Apr 30, 2008

Like many other value investors, Wally Weitz had a terrible quarter after a terrible year. Is he losing his touch too? This is his first quarter commentary: "We are optimistic about surviving and earning positive returns over the next several years, but investors will need to be patient—the economic news is likely to get worse and remain negative for some time..."

Read the complete shareholder letter

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