Matthew Fine discusses Contrarian vs Conventional Value Investing on Manual of Ideas

Manual of Ideas  |  May 2017

Matthew Fine, Portfolio Manager of the Third Avenue International Value Fund was recently featured in an interview with Shai Dardashti of Manual of Ideas on his contrarian value investing approach and finding attractive ideas where capital has often fled:

“Today we apply the same type of thinking to international equity investing in the fund that I manage in that we are looking for non-competitive areas of investment. Where the hoards go and where the capital flows, it becomes very difficult to find attractive returns.   What we are trying to do is identify areas where capital has fled, where investment opportunities become non-competitive, and where we therefore might find outsized returns.” 

WATCH THE INTERVIEW HERE

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There is always something happening, somewhere, whether it is at a national level or whether it is an industry level.  There is always something to do, somewhere. I find the global mandate extremely helpful as a contrarian opportunist investor.