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.” 


© 2017 by BeyondProxy.  All rights reserved.

The content in the above video should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or investment products or to adopt any investment strategy. The market opinions and analysis presented may not reflect those of Third Avenue Funds as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies of the participants.

Please be aware that foreign securities from a particular country may be subject to currency fluctuations and controls, or adverse political, social, economic or other developments that are unique to that particular country or region. Therefore, the prices of foreign securities in particular countries or regions may, at times, move in a different direction than those of U.S. securities.

Third Avenue Funds are offered by prospectus only. The prospectus contains important information, including investment objectives, risks, advisory fees and expenses. Please read the prospectus carefully before investing in the Funds. Investment return and principal value fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For updated information or a copy of our prospectus, please call 1-800-443-1021 or go to our website at Distributor of Third Avenue Funds: Foreside Fund Services, LLC.

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.