Value investing is all about trying to find bargains the rest of the market has overlooked. This means value investors will often find themselves going against the rest of the market, searching for hidden gems in the most disliked sectors; looking under rocks hoping to find something valuable.
It is no surprise then that some of the most respected value investors around today have put money to work in the oil & gas sector, which is possibly one of the most contrarian industries places to invest today.
For example, Seth Klarman’s Baupost Group and Glenn Greenberg’s Brave Warrior Capital, have both invested in Denver-based Antero Resources, and significantly added to positions during the second quarter.
In the August 31 issue of Value Investor...
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