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Zell mentions acquiring Great American Management, a distressed REIT with $127 million in net operating losses (NOLs), which he believed had significant value that was not reflected in the stock price

Sam Zell has owned Anixter for a long time, viewing it as a company with significant potential for growth and expansion. He acquired it in a way that allowed it to be a subsidiary of Itel, which provi

Sam Zell acquired Anixter at 2x book value, realizing that the true value lay in its ownership of a key distribution pipeline rather than just the distribution business itself. This strategic insight

Sam Zell took over Itel Corporation after it emerged from bankruptcy, recognizing the value in its subsidiary that leased railcars. Despite low utilization rates, he saw potential in the nearly new ra

William Strong stated that he is short treasuries, indicating a belief that the current pricing of US treasuries does not reflect the underlying risks associated with US debt.

William Strong expressed a strong interest in Bunas Finance, a small finance company in Indonesia, due to its solid management track record and the unique underwriting process that allows for large sp

Sun Pharma is growing at 15-25% per year and generating net cash while doing so, making it a compelling business in an environment where reinvestment can yield high returns.

HDFC has been in the mortgage origination business for a long time and generates 20%-plus returns on equity. The company has grown its mortgage book by 24% per year over the last ten years and has mai

We started buying Viacom stock in the high thirties. We believe it is in the value stage of the lifecycle. People have made the assumption that cable programming isn't a great business anymore due to

Apple is considered the ultimate lifecycle stock, with a significant opportunity identified for the iPod to capture market share previously held by Sony's Walkman. This long-term interest reflects con

Despite bearish sentiment around Timberland, the brand was undergoing a revitalization. Understanding the company's position in its lifecycle revealed that it was on an upswing, suggesting potential f

Investors initially focused on cost cutting and capital allocation at Deutsche Börse, but overlooked the potential for revenue growth. The belief is that as investors recognize the growth story, the s

Aalberts is a company where the founder has maintained a meritocratic approach by not allowing his children to work in the business. This governance structure is seen as a positive factor for long-ter

Swedish Match has been a remarkable investment since 1995, consistently generating high returns on equity and maintaining a stable valuation multiple. Its ability to grow earnings and free cash flow m

Prosegur has successfully expanded outside of Spain, particularly in Latin America, which has allowed it to grow rapidly despite stagnation in its Spanish operations. This strategic shift has made it

Oriflame is currently undervalued at 10x earnings, primarily due to negative sentiment from Western investors influenced by issues in US direct selling companies. However, it has a strong leadership p

Rightmove is the leading property website in the UK, which allows it to benefit from a winner-take-all phenomenon in the real estate market. Its strong position creates a network effect that enhances

OpenTable is the dominant restaurant reservation website in the US, benefiting from a network effect that makes it difficult for competitors to gain traction. As a leading portal in its vertical, it s

Oriflame, a cosmetics manufacturer, is currently undervalued as its share price has not increased since its IPO in 2006, despite growth in sales and profits. The company faces challenges due to its ex

Royal Vopak is the global leader in the storage of liquids at terminals, benefiting from a significant moat due to the complexity of obtaining regulatory approvals and finding suitable locations for t

Bank Rakyat is an Indonesian bank specializing in micro lending, which allows it to achieve one of the highest returns on assets in the world. Its extensive network of small offices in remote location

William C. Martin's strategy involves investing in companies with compelling growth prospects while shorting overvalued and corrupt companies, reflecting a balanced approach to risk and opportunity in

William von Mueffling's investment in Oriflame Cosmetics is part of Cantillon Capital Management's strategy to target companies with sustainable financial productivity, suggesting a positive outlook f

Cantillon Capital Management, led by William von Mueffling, has invested in Royal Vopak, indicating a belief in the company's strong market position and financial productivity.