Legendary value investor Rich Pzena on his 30-year career and the opportunity today | S07 E15

Bullish:

• $GLOBALDIV - Rich advocates for global diversification in investing, seeing it as the best approach to expose oneself to more opportunities.

  • “I just instinctively, but think that global is the best place to be because you just expose yourself to more opportunities.”

    Rich·50:32
• $GE - Rich's firm made a significant investment in GE during the COVID-19 pandemic, despite the challenging environment for jet engine manufacturers.

  • “Our biggest holding became in probably by the end of the second quarter of twenty twenty, GE. You can't imagine a worse business than building jet engines during COVID.”

    Rich·24:38
• $HAL - Rich's firm had a large holding in Halliburton, which bottomed at $4 a share during a market downturn but had previously earned $4 a share at its peak.

  • “We had one of our largest holdings was Halliburton. So Halliburton bottomed at $4 a share. They earned $4 a share at the prior peak.”

    Rich·29:39
• $CALLCTR - Rich invested in call center companies despite the threat of AI disruption, seeing them as undervalued.

  • “Call center companies. What what's more displaceable than, you know, somebody answering your phone when you have AI that's gonna do it?”

    Rich·31:46