FYI: The value-investing discipline pioneered by Benjamin Graham and Warren Buffett is claiming another casualty.
SPO Partners & Co., a $5 billion firm that’s managed money for almost five decades, is closing, according to an investor letter viewed by Bloomberg. The company -- whose clients once included the billionaire Bass family -- will return about a quarter of its assets next month and most of the rest early next year
Regards,
Ted
https://www.fa-mag.com/news/value-investing-claims-another-casualty-as--5-billion-spo-shuts-41578.html?print
