http://finance.fortune.c...n-funds/?iid=SF_F_River
Yacktman is one of the world's most successful mutual fund managers, yet you would never know it... investing tips, Yacktman... tells them it's simple:
He waits to buy great companies when they're down and rides them until they recover, which great companies almost always do. You don't need to jump in and out of stocks, he tells them. "You just need to catch the wind enough times," he says.
"And you need to be very, very patient."Yacktman
isn't trying to out-trade or outsmart other investors on a daily basis. He instead
buys steady, profitable businesses when they disappoint Wall Street."He just doesn't get rattled in bad markets," says Jeff Auxier, a fellow value-fund manager based in Oregon. "You see the
great investors come alive when the public's running for the hills."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett