Ed Wachenheim III
Edgar Wachenheim is the Founder and Chief Executive Officer of Greenhaven Associates, an investment firm established in 1987. His investment strategy can be classified as value-oriented as he pays little regard to the current price of stocks and focuses more on the actual value of companies. In his famous interview with Jim Cramer in 2018, Wachenheim mentioned that he buys deeply undervalued stocks as they have the potential to yield bigger returns for shareholders. As a proponent of evidence and example, Wachenheim's analysis of real cases serves as an invaluable education for anyone looking to improve their own investment practices.
NOTES AND ACHIEVEMENTS
- Before Greenhaven Associates, Wachenheim worked in the investment division of Central-National Gottesman in 1969.
- His hedge fund analyzes the long-term risks in the economy and the relative value of the stock market while investing in a particular stock.
- According to a report published by CNBC, Greenhaven Associates returned at an average annual rate of 19% from 1988 to 2017.
- Between 1990 and 2014, a typical portfolio managed by Wachenheim enjoyed an average annual return in excess of 18%, achieved using relatively conservative stocks and no financial leverage.
- His investment strategy is described in his book Common Stocks and Common Sense, which amassed praise from investors worldwide.