In the News
August 13, 2010
Matt McLennan will appear on CNBC's Power Lunch at 1 pm ET
July 22, 2010
"We try to avoid permanent impairments of capital, and that comes both by avoiding pockets of market irrationality and buying individual securities at the appropriate margin of safety." -Kimball Brooker, Jr.
July 14, 2010
"One still has to pay some attention to the big picture, even as a value investor, because there are plenty of uncertainties." -Jean-Marie Eveillard
July 8, 2010
"We like companies that have pricing power, staying power and long duration assets." -Abhay Deshpande
May 17, 2010
"With the European zone having issues, people are worried about currencies. It's not really surprising that gold has become a substitute currency and that more investors are moving into it." -Rachel Benepe
May 12, 2010
"Gold is held for us as part of a portfolio where we like to balance our exposure to investment in business, with some amount of capital in store to take advantage of market surprises." -Matt McLennan
April 14, 2010
"The question is not so much whether we have a recovery, but it's whether it will be sustained. In other words are we still in a post-World War II economic and financial landscape...or will the recovery peter out?" -Jean-Marie Eveillard
March 16, 2010
» Dow Jones Newswires, First Eagle U.S. Value Looks Past Risk to Safety
"Often what you don't own can be a more important contributor to long-term success than what you do own." -Kimball Brooker, Jr.
March 11, 2010
"The value today—a bit like the late ‘90s between tech and the rest of the world—is actually in the old economy, and we are able to find good businesses in places like Europe, Japan and even Cincinnati." -Matt McLennan
March 1, 2010
February 5, 2010
» The Wall Street Transcript, Investing in Gold
"Whether it’s during the Asian crisis, Russian debt default or more recently the global 'race to debase' ongoing since 2005, gold has effectively preserved the purchasing power in each of these regions." -Abhay Deshpande
December 7, 2009
» The Wall Street Transcript, Investing in Japan and the Far East
"Many of our biggest positions are the sorts of investments that people would say looks decidedly mundane...mundane is beautiful for us, provided we own it at the right price." -Matt McLennan
December 2, 2009
"For Europe, for Japan and for the U.S., there is still a question of whether the recovery will be sustained next year." -Jean-Marie Eveillard
October 13, 2009
» Dow Jones Newswires, First Eagle Overseas Returns At Pre-Crisis Level
"If you start with the proposition that you can't predict the future, you're more likely to want companies with conservative balance sheets." - Matt McLennan
June 30, 2009
» Value Investor Insight, Even Temperament
"It’s always important to keep in mind that our own balance and equanimity should not be based on external perceptions." -Matt McLennan
June 1, 2009
» The Wall Street Journal, Dueling Forecasts
"First Eagle is willing to invest heavily in stocks in the face of the fund's grim economic outlook because the managers believe that the world's economies will certainly recover within the five-year horizon they use to make investing decisions."
April 20, 2009
» MarketWatch.com, Long-Term Thinking
“The oft-repeated notion these days that 'buy and hold is dead' is a welcome sound to the ears of Abhay Deshpande, Portfolio Manager First Eagle U.S. Value Fund.”
March 17, 2009
» Investor's Business Daily, Eagle-Eyed Fund Tapped Brakes in Q4
"The [Fund of America] managers' usual MO is to find fundamentally sound companies where some catalyst will boost shareholder value."
February 1, 2009
"By keeping plenty of cash on hand and investing in conservative companies with low debt, [First Eagle] has managed to avoid the worst of this and previous market downturns."
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