Morningstar Investment Conference Notes! Parts 1-4

Great set of notes via Ben Clark on the Morningstar Investment Conference….be sure to pay attention to Bruce Berkowitz comments!

Part 1 Excerpt (Via Ben Clark @ Modern Graham)

The 2009 Morningstar Investment Conference is underway and today’s opening session was a focused discussion entitled “Let’s Talk Stocks.”  Participating were Bruce Berkowitz of Fairholme Capital Management, Tom Marsico of Marsico Capital Management, and Wally Weitz of Weitz Funds. Click Here For The Morningstar Investment Conference Notes Part 1

Part 2 Excerpt (Via Ben Clark @ Modern Graham)

This break out session focused solely on value investing with a retrospective look on 2008 and investing strategy. The speakers included Bill Nygren, portfolio manager forOakmark Fund, Meggan Walsh, portfolio manager for AIM Diversified Dividend Fund, and Martin Whitman, Co-Chief Investment Officer at Third Avenue Management. Click Here For The Morningstar Investment Conference Notes Part 2

Part 3 Excerpt (Via Ben Clark @ Modern Graham)

Another breakout session – Two Sides of the Coin – included a discussion between Chuck Bath of Diamond Hill Investments and Steve Romick of First Pacific Advisors.  For true Graham investors like us, this was a little bit of a waste of time.  Both funds are long-short mutual funds so their strategy often includes a lot of macro analysis, projections, and short sales.Click Here For The Morningstar Investment Conference Notes Part 3

Part 4 Excerpt (Via Ben Clark @ Modern Graham)

Bill Gross from PIMCO was the keynote speaker at lunch.  Anyway, Bill Gross was the keynote speaker at lunch.  Mr. Gross is a founder, managing director, and co-chief investment officer of PIMCO.  He manages quite a bit of money, so it was interesting to hear what he had to say.  He went into depth about what PIMCO considers the “new normal” economic environment and I’ll try to summarize what he said. Click Here For The Morningstar Investment Conference Notes Part 4