David winters wintergreen investments for beginners
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Biography
Winters joined Mutual Series in 1987, during Max Heine's tenure. He also idolized value investor and future employer Max Heine during his younger years, keeping a news article about him taped to his dorm room ceiling in college.
Throughout his discussion, Winters emphasizes the need for patience and discipline in value investing.
It is nice to be able to do a nice job for people who need the money."
As of October 2006, David is also currently a sub-advisor for the Renaissance Global Market Fund, operated by CIBC Asset Management. During his time with Franklin Mutual Advisors, he was also the portfolio manager of the Mutual Discovery Fund from February 2000 to May 2005.
After leaving Mutual Series in 2005, David formed Wintergreen Advisers and the Wintergreen Fund in Maine, United States.
This situation creates unique opportunities for those willing to adopt a contrarian approach. He was encouraged by others to open a less-regulated hedge fund, but opted to run a comparatively strictly regulated mutual fund.[2]
In December 2006, Winters was selected as one of four participants in the tenth annual global investing round table hosted by the International Herald Tribune.[3]
In 2019 Wintergreen Fund liquidated after several years of slow performance.[4]
Personal
Winters is a lifelong train enthusiast.[5] In his youth, he was inspired by value investor and future employer Max Heine, keeping a news article about him taped to his dorm room ceiling in college.[6]
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External links
This article "David J.
Winters" is from Wikipedia. He was encouraged by others to open a less-regulated hedge fund, but opted to run a comparatively strictly regulated mutual fund. His disciplined investment strategy has yielded strong returns for his fund, establishing him as a respected voice in the realm of value investing. He praises Toshiba’s ongoing efforts to restructure its business and enhance profitability.
During his time with Franklin Mutual Advisors, he was also the portfolio manager of the Mutual Discovery Fund from February 2000 to May 2005.[1]
After leaving Mutual Series in 2005, David formed Wintergreen Advisers and the Wintergreen Fund in Maine, United States.[1] The companies are named after the official state herb of Maine, the wintergreen.
He was named Director of Research of Mutual Series in 2000 and President and Chief information officer in 2001. He notes, “There are some great companies in China… but we have to be very selective.” This balanced approach reflects his commitment to thorough analysis and prudent decision-making.
In terms of specific stock picks, Winters mentions Japanese conglomerate Toshiba as an attractive opportunity.
Investors looking for guidance in these uncertain times may find inspiration in Winters’ thoughtful and methodical approach.
David J. Winters (born 1962) is a deep value investor and fund manager in Maine, United States. He points out that Japan has been under-owned by investors for several years.
His insights provide a refreshing perspective on navigating the complexities of investing today.
Winters emphasizes the importance of adopting a long-term view when investing in global markets. See some earlier videos here. Active managers, like Winters, have the ability to identify undervalued companies and adjust their portfolios as needed.
When discussing his views on China, Winters expresses a sense of caution.
He actively seeks businesses that possess strong balance sheets, competitive advantages, and talented management teams. Winters highlights Japan’s strong corporate governance reforms as a significant driver of growth potential in the region.
In addition to focusing on specific sectors, Winters underscores the importance of active management in navigating global markets.
Heine died the next year, so David was mentored in value investing by Michael Price. He says, "cash gives you the ability to to act when others don't; to be a buyer when others are sellers."
Are there any types of businesses that you try to avoid?
Global value investor David Winters explains why he avoids investing in technology companies and the newspaper business.
As the founder of Wintergreen Fund, Winters recently shared his investment strategy during a discussion with CNBC Pro Talks.