Wally Weitz Talks Investment Process, Buffett And Omaha

As the chief investment officer and founder of Weitz Investments, Wally Weitz has spent over three decades putting his instincts for opportunity to work for shareholders. Influenced by the value investing model of Benjamin Graham and Warren Buffett, Wally has steadily produced outstanding results on the funds that he’s managed. He manages the Partners III Opportunity Fund and co-manages the Value Fund, Partners Value Fund and Hickory Fund.

Wally discovered Benjamin Graham’s concept of value investing in college. Already an investor (he made his first stock buy at the age of 12), he recognized a common-sense approach when he saw it. After earning a BA in economics at Carleton College in 1970, Wally spent three years in New York doing security...