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Todd and Ted


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Bancroft runs Makaira, a $540M fund.

 

WAIR Wesco Aircraft Holdings          18.07%

LINTA Liberty Media Interactive      15.82%

CDW Cdw Corp                                14.35%

IRM Iron Mountain Inc                      11.33%

CVA Covanta Holding Corp              11.03%

VRSN Verisign Inc                            8.96%

CPLA Capella Education                  8.41%

CXW Corrections Corp of America    7.72%

TWC Time Warner Cable Inc.          4.32%

 

I think value investors generally underestimate Tepper. Like Soros he's a great value investor, plus he has an incredible intuition.

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Bancroft runs Makaira, a $540M fund.

 

WAIR Wesco Aircraft Holdings          18.07%

LINTA Liberty Media Interactive      15.82%

CDW Cdw Corp                                14.35%

IRM Iron Mountain Inc                      11.33%

CVA Covanta Holding Corp              11.03%

VRSN Verisign Inc                            8.96%

CPLA Capella Education                  8.41%

CXW Corrections Corp of America    7.72%

TWC Time Warner Cable Inc.          4.32%

 

I think value investors generally underestimate Tepper. Like Soros he's a great value investor, plus he has an incredible intuition.

 

He was formerly a portfolio Manager of Equity Portfolio at GEICO a division of Berkshire Hathaway... it's good to see that he is a fan of John Malone

 

 

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Todd and Ted were on CNBC yesterday with Buffett.  The two were asked which investors they admire other than Charlie or Warren.

 

Todd mentioned Tom Bancroft, has anyone heard of him?

 

Ted said he admired David Tepper, that surprised me!

He does give off a sort of megafund honcho vibe on Bloomberg/Cnbc but I assure you Tepper is brilliant.  He is a tried and true value investor in his distressed debt positions and if you've ever heard him speak in person (and take questions - answering "of the cuff") you wouldn't have trouble seeing why.  I think he's easily one of the top 5 investors living today.

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