Jan 02 2025 37 mins 3
This conversation is part of our special series, Intelligent Investing 100. Every week for one hundred weeks we bring you an exclusive segment with a recognized thought leader in the field of investing. Stay tuned for a new release every Thursday at 11:30am ET.
We continue this series with insights from Edgar Wachenheim III, chairman of Greenhaven Associates, a firm Ed founded in 1987. Greenhaven had assets under management of more than $9 billion as of early 2024, having handily beaten the major market indices over nearly four decades. Ed is also the author of Common Stocks and Common Sense.
In this rare fireside chat, held at MOI Global’s Latticework summit at the Yale Club of New York City in 2018, Ed shares timeless wisdom and insights into the art of contrarian, value-oriented, long-term investing. This approach, while neither popular nor particularly exciting, has served Ed and his investors spectacularly well over several decades. In a get-rich-quick world that ultimately fails to deliver, Ed has succeeded in building massive wealth slowly and methodically over time.
Ed spoke about his investment philosophy with fellow fund manager and MOI member Saurabh Madaan, founder of Manveen Asset Management and former managing director of Markel Corporation.
The Latticework summit, held at the Yale Club, is our flagship annual event. It has been lauded as a uniquely impactful forum of great minds. Speakers have included Charles de Vaulx, Tom Gayner, Peter Keefe, Bryan Lawrence, Howard Marks, Michael Mauboussin, Mohnish Pabrai, Tom Russo, Guy Spier, Murray Stahl, Will Thorndike, Christopher Tsai, Arnold Van Den Berg, and Ed Wachenheim.
