Tuesday, December 15, 2009

Christopher Browne passes on

Legendary value investor and principal of value investing firm Tweedy Browne, Christoper Browne, has passed away. Barton Biggs of Traxis Partners once called him "one of the best value investors in the world". He was in his 60s when he passed away on Sunday.

In the early days, Tweedy Browne had brokered trades for Benjamin Graham and helped Warren Buffett acquire Berkshire Hathaway. Although the firm currently manages only about US$10 billion in assets, Christopher is better known as the genteel portfolio manager who brought down media baron Conrad Black. He started questioning the accounting of Black's Hollinger International in 2001. Subsequently, it was revealed that Hollinger's shareholders were bankrolling Black's lavish lifestyle including his Rolls Royce's refurbishment to the tips doled out by his wife on shopping trips.

Christopher has also authored "The Little Book of Value Investing", a book which MOS consistently recommends as an excellent introductory primer to this craft.

Our heart goes out to Christopher's family. The value investing community has lost a scion.



Post a Comment

<< Home