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Upcoming conferences: VALUEx Klosters 2020

Looking forward to attending VALUEx Klosters 2020 in January 2020, a private and invitation-only conference of fellow investors organized by my friend Guy Spier. I have been attending the conference since its beginnings and it's my favorite annual community...

Excerpt Q1 2019 letter

"If everything you do needs to work on a three-year time horizon, then you're competing against a lot of people. But if you're willing to invest on a seven-year time horizon, you're now competing against a fraction of those people, because very few companies are...

Excerpt Q2 2018 letter

Thoughts on Value Investing: The Fallacies of Perception In 2007, a man started to play the violin at a metro station in Washington DC on a cold January morning. He played six Bach pieces for about 45 minutes. During that time, since it was rush hour, thousands of...

Guy Spier: “With whom I would invest?”

Guy Spier put together a list of fund managers he’d invest with (if he wasn’t doing the job himself). This is a great starting point for anybody looking to boost his returns or to learn from other investors. I am humbled that Guy mentioned me alongside some of the...

Upcoming conferences: VALUEx 2018 and Ideaweek 2018

I will participate in Guy Spier's VALUEx Zurich/Klosters 2018 - a fantastic informal and intimate get-together of like-minded investors. I have been participating since the start in 2011 and have tremendously benefited from the insights gained. Guy is a Zurich-based...

Interview: Beyond Quant InvestTraining

I was recently interviewed by Nitiin Khandkar from Beyond Quant. Download PDF: Beyond Quant Interview with Robert Leitz Link (third party website): http://bqinvesttraining.com/interview-robert-leitz-investment-manager/  

Excerpt 2016 letter

Thoughts on the Macroeconomic Environment According to an eye-opening article in The Atlantic, 50% of Americans would not be able to pay an unexpected $400 bill, as they have no spare cash and are maxed out on their credit cards. To a large extent, this poverty and...

Interview – Investor Vantage

I was interviewed by Lukas Neely, author of "Value Investing - A Value Investor's Journey Through the Unknown" for his monthly publication Investor Vantage (Investment Ideas for Intelligent Investors). Download the interview HERE.  

Excerpt 2015 letter

Thoughts on Value Investing Simple doesn’t mean easy. Last year, fifty thousand people made the pilgrimage to Berkshire Hathaway’s annual meeting in Omaha to hear the most famous value investor, Warren Buffett, speak live. Millions more read about the meeting in the...

Zurich Project Workshop

I will participate in The Zurich Project Workshop on June 8-9, 2016. '"The mission of The Zurich Project Workshop is to accelerate emerging managers on their path to success in a principled, sustainable way. John Mihaljevic, managing editor of The Manual of Ideas and...

European Investing Summit 2015

“Consider this: Through the immediately accessible bonus features and the live event on October 6-7, we bring you exclusive insights from Europe’s most thoughtful investors, including Jean-Marie Eveillard (First Eagle), Dominic Fisher (Thistledown), Massimo Fuggetta...

Excerpt Q2 2015 letter

Thoughts on investing in a negative yield environment Earlier this year, Finland floated a €1 billion five-year note at a negative interest rate of -0.017%. The demand for this note showed that savers were willing to pay Finland for the privilege to keep and spend...