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"Richard Pzena sees value in financials"


At last highly acclaimed financial professional with crystal clear uncompromising reputation stepping up to the plate and defending battered financials using clear and precise unemotionally calculated scientific arguments and, since his interview is published by great financial publication Barron's, we, ignorant amateurs, might want to listen.

Opportunity Amid the Ruins

P.S. Regular readers of my blog know my total disrespect for authority and bitter sarcastic personality. Those who are new here - pay attention to the date of an interview. I wonder if he had plastic surgery since...as well as a lot of other value players...
"Mind sees what mind wants to see.."

P.S. And NO, I am not a "man hater", I am "pro common sense", "pro hard work to be rewarded","pro-choice" and "con deceit", "con ignorance", "con political correctness", "con morgages given based on ability to file lawsuit", "con fire workers after dim witted managers screwed it up", "con overtrading" and to some extent, indeed, I am a "prima-donna" :-)

 DavidDT

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Posted by DavidDT Trading-to-Win.com on 08/21/08 at 10:52 AM

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$tocker

Member since: Jul 08

5 Day 11.51%
15 Day 24.02%
1 Month 32.24%
3 Month -16.62%
6 Month -53.43%
As of: 01/06/09
How is this calculated?
Trades 46
Trade Notes 11
Blog Posts 2
$tocker
Lol...Poor soul.  I wouldn't want to be him.  Not enough diversification, and too much ego sinks the boat.
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$tocker

Member since: Jul 08

5 Day 11.51%
15 Day 24.02%
1 Month 32.24%
3 Month -16.62%
6 Month -53.43%
As of: 01/06/09
How is this calculated?
Trades 46
Trade Notes 11
Blog Posts 2
$tocker

 He is still buying..lol

Pzena Investment Management Llc Institution -3.82 % 2008-08-08 33,409,788 $105,574,930 $-91,542,819 -46.44 % Added More 3,747,826 12.63 % $-10,269,043

But then he sold some FNM:

Pzena Investment Management Llc Institution -3.82 % 2008-08-08 21,526,697 $104,404,480 $-90,412,127 -46.40 % Sold Some -1,000,402 -4.44 % $4,201,688 

He has some stinkers in his portfolio.. AIG,wb,bac,..  But he is making 28% on UB but only 150k shares.

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DavidDT Trading-to-Win.com

Member since: Jan 08

Trades 0
Trade Notes 0
Blog Posts 39
Full time trader
Age: 40's
http://www.trading-to-win.blogspot.com/, CT
DavidDT Trading-to-Win.com
OK, that is enough!
Stop making fun of this fine distinguished financial professional - because you "know nothing" of his plans.
One fine day when he ( his fund) will be the sole owner of both FRE/FNM paper shares are printed on, he and his investors will be laughing right back at you and me ( granted that USPS will find his investors - addresses of carton boxes from Pepto Bismol are unlisted so their owners could enjoy their well deserved privacy from the world they outsmarted by investing their life savings with Pzena, Enron or Church Funds. If USPS will not succeed, by that time FBI might be willing to help...and if one fine day hard working people with common sense will refuse to pay taxes for idiots - IRS will sure step up in their efforts)
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