MUST READ!!

On the front page of today’s Wall Street Journal there is a story about Omaha’s second famous investor, Wally Weitz. The headline does an excellent job of explaining what the article is all about. It reads; “An Old School Stock Picker Struggles With Index Craze.” For over three decades Mr. Weitz has run a value mutual fund based upon an investment style that relies on Ben Graham’s 1940’s classic “The Intelligent Investor.” During the last three Mr. Weitz’s fund has minimally outperformed the...