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Ben Graham 25 Value Conference: Lorne Steinberg On Lessons Learned From Ackman’s J.C. Penny Fiasco

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Michelle deBoer-Jones
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It’s not uncommon for investors to become emotionally attached to some of their investments, but that’s not generally a good thing. At the Ben Graham Centre’s 2025 Value Investing Conference, Lorne Steinberg of Lorne Steinberg Wealth Management, which has around $1 billion in assets under management, explained when it’s a good idea to exit and why investors shouldn’t think they’re smart.

Valuation

Know it when you see it

Steinberg noted that there are many different ways of looking at value investing, so he’ll know it when he sees it. For example, he said some schools of thought come from Benjamin Graham and David Dodd, while others were developed by Warren Buffett and...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.