Often it’s the element of discomfort that gives rise to a security selling at a discount to its fair value. Conversely, while it’s certainly warmer in the herd, it is often this comfort from purchasing what others are purchasing, or what is “highly regarded,” that results in an elevated stock price portending underwhelming returns. Instead, with thorough research married with a contrarian tilt, Brandes frequently finds what we consider to be attractive opportunities in areas that are less traveled. To paraphrase Warren Buffett, value investing is simple, but it’s not easy.
Brent Fredberg is a Director, Investments Group, a Senior Analyst and leader of the Technology Research Team. Mr. Fredberg sits on the Consumer Products Research Team, with a primary focus on household durables companies. He is a member of the Global Large-Cap Investment Committee and the Investment Oversight Committee. Mr Fredberg is a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Fredberg was a Financial Analyst and Controller with Raytheon/Amana Appliances. He earned his MBA with distinction from Northwestern University’s Kellogg Graduate School of Management and his BS in finance with distinction from the University of Iowa. Mr. Fredberg is a CMA (inactive). His experience began in 1994 and he joined Brandes Investment Partners in 1999.