Southeastern Asset Management is one of the most well regarded value money managers, with whom I happened to had some interaction on the trading side at work. Their orders are chunky and may take the desk weeks or even months to get in/out of a position. The order size clearly resonates with the firm’s investment approach Josh Shores mentioned in this interview conducted by The Manual of Ideas. Many products had about 20 positions which seems to be quite concentrated for firm like their size.

As a value investor, I find this transcripts very informative, here I had some thoughts and takeaways:

Continue reading →