William Nasgovitz, chairman, chief investment officer, and portfolio manager at Heartland Advisors Inc. in Milwaukee, has been quoted in a new book, “The Art of Value Investing: How the World’s Best Investors Beat the Market” by John Heins and Whitney Tilson.
Heins and Tilson referenced the Value Investor Insight newsletter for the book, including information from about 24 top value investors about how they make good decisions.
In the book, Nasgovitz says: “The catalysts we look for can be company-specific or more macro. It could be any number of things—new management, a reorganization, buying back stock, a new product launch, the resolution of litigation. It could also be a call on a specific sector turning up. We’re just trying to push back against the natural propensity of value investors to be early—there’s just no way around the fact that if you’re way too early, you’re wrong.”
