First Eagle Funds

Press

January 26, 2012

November 22, 2011

"We very much believe this at First Eagle - we can't predict the future and we don't have a crystal ball. And because we don't, we try to invest accordingly, and that's why we gravitate towards these kinds of businesses, which are durable, there is some visibility. They're positioned well enough that they should be relatively insulated from the inevitable problems that arise." - Kimball Brooker

October 5, 2011

"The future is uncertain. We’re long-term investors and the long term seems rather perilous across the globe, but it is in those environments that a long-term investor often gets the opportunity to deploy cash." - Abhay Deshpande

October 4, 2011

September 16, 2011

"Our approach at First Eagle is one in which we really need to understand the businesses that we're investing in, and importantly, we need to make sure that we're buying businesses at an appropriate discount to their intrinsic value." - Kimball Brooker, Jr.

September 7, 2011

"You have upper and lower bounds in the economy, and the growth rates are never going to be as good as you want them to be, but probably not as bad as you think they could get." - Abhay Deshpande

August 10, 2011

"If we look at our portfolio, we like a balanced point between businesses that will participate in the march of man, and businesses that are resilient and defensive." - Matt McLennan

August 8, 2011

"People need to focus on how to structure a portfolio in a world where the real return prospects for man-made money are low." - Matt McLennan

August 4, 2011

"Attention to intrinsic value and market pricing is the key - not getting caught up in these emotional valleys and peaks as the markets tend to do" - Abhay Deshpande

July 31, 2011

"Overall, this is a productive time for humanity, but there are a number of fault lines of concern" - Matt McLennan

July 11, 2011

"[Investing in gold is] not a new thing for us, but in an era where there is a global race to debase-gold does help us in that sense. It acts somewhat as a hedge against the declining value of purchasing power around the world." - Abhay Deshpande

July 7, 2011

"We like to buy businesses that are eclectic royalties, some slice of the economy that's going to generate a lot of cash flow over time." - Matt McLennan

June 29, 2011

"The fund is managed on a battleship basis, moving very slowly and carefully." -Matt Lamphier

May 30, 2011

"Our belief is that if you own businesses that are very well positioned and that you adhere to the disciples of investing with an appropriate margin of safety, you can create a portfolio that is reasonably insulated from the vicissitudes of the global economy." - Kimball Brooker

March 18, 2011

"Wealth creation is all about avoiding permanent impairment of capital. If you can participate in the march of man, but avoid a lot of the potholes along the way, you’re going to do just fine over the long term."-Matt McLennan

March 9, 2011

"At First Eagle we use a proprietary gold mining framework, which allows us to analyze if the gold in the ground is cheaper - that would be the miners - or if bullion is cheaper."-Rachel Benepe

February 25, 2011

"We like [businesses with] strong market position and we like rock solid balance sheets."-Matt McLennan

January 11, 2011

"We prefer to be a buyer when world economies are below their potential. Now’s typically the kind of environment where you want to be a buyer of businesses."-Matt McLennan

December 27, 2010

"The value of a business is a function of the cash flows generated over its entire life, not over the next year or two." -Abhay Deshpande

December 20, 2010

"We tend to like those senior producers with long-lived assets that operate in geographies all over the world. Those tend to be the kind of companies we favor, so we have larger allocations in those companies. Then we make smaller allocations to companies in the earlier stage." -Rachel Benepe

December 6, 2010

Portfolio Manager Matt McLennan was featured in Barron's magazine.