Lanyon's David Prescott and the lonely pursuit of the deep value investor
Jonathan ShapiroSenior reporter
Famed investor Seth Klarman's observation that "you don't become a value investor for the group hugs" has resonated with David Prescott who can't help but feel that the beaten down stocks the fund buys leaves him lonely and unloved.
"Everyone thinks you are nuts but often these are the stocks that have turned out to be the star performers," he tells The Australian Financial Review.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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