Charles de Vaulx
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Date updated:04-15-2007

Charles de Vaulx is a classic long term value investor who is chief investment officer of the Arnhold and S. Bleichroeder Advisers and also manages the First Eagle Funds, whose flagship fund -- the First Eagle Global Fund -- has returned 15% annually since its inception in the seventies.

In a recent interview with Barron’s Online, de Vaulx had this to say about the equity markets in 2007:

“We have no clue. As value investors, we have a view as to how cheap or expensive either an entire market or some subsets are. But valuation alone has very little predictive power short term as to what a market or a sector will do. Which is why when sometimes people say, "Charles you have 35% of your U.S. Value Fund in cash. It's a form of market timing. You expect the market to go down." I say, "No, it's just a reflection that I find most stocks out there to be somewhat pricey." It says nothing about what the market may or may not do in the next six months.”

symbol name last price % change open
  • +
  • MSFT
    Microsoft Corpora
  • $29.62
  • -0.54%
  • $29.67

No Analysis added

People owning MSFT also tend to own: AAPLAMDCSCODELLGOOGIBMINTC

TheStreet.com Rating: B What is this?

  • +
  • COST
    Costco Wholesale
  • $60.06
  • -0.69%
  • $60.30

No Analysis added

People owning COST also tend to own: ABMINFOJASLMTNOCQRTN

TheStreet.com Rating: B What is this?

  • +
  • BRK-A
    Berkshire Hath Hl
  • $103250.00
  • -0.62%
  • $103210.00

No Analysis added

People owning BRK-A also tend to own: COFEBAYHDJNJLINTAOSTKPFE

TheStreet.com Rating: No Rating What is this?

  • +
  • BRK-A
    Berkshire Hath Hl
  • $103250.00
  • -0.62%
  • $103210.00

No Analysis added

People owning BRK-A also tend to own: COFEBAYHDJNJLINTAOSTKPFE

TheStreet.com Rating: No Rating What is this?

  • +
  • JNJ
    Johnson And Johns
  • $62.31
  • +0.60%
  • $61.82

No Analysis added

People owning JNJ also tend to own: AAAIGIBMINTCJPMKOMSFT

TheStreet.com Rating: B What is this?

  • +
  • COP
    Conocophillips
  • $52.08
  • -0.91%
  • $52.28

No Analysis added

People owning COP also tend to own: ADMAIZALLCBCNICSCCVX

TheStreet.com Rating: C- What is this?

  • +
  • RYN
    Rayonier Inc Reit
  • $39.58
  • +0.23%
  • $39.29

No Analysis added

People owning RYN also tend to own: ATVICCJCELGCRZODSXDVNEMC

TheStreet.com Rating: B What is this?

  • +
  • TYC
    Tyco Intl Ltd Sw
  • $36.86
  • +0.68%
  • $36.66

No Analysis added

People owning TYC also tend to own: BRK-ACOFEBAYHDJNJLINTAOSTK

TheStreet.com Rating: C- What is this?

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Portfolio not tracked!

04/16/2007 12:15 PM CDT Asked by avrl
Charles is leaving the company and not acting as PM...

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