» Fox Business, Countdown to the Closing Bell
"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
"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
» Fox Business, Countdown to the Closing Bell
"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.
"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
"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
"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
"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
» Financial Advisor Magazine, Fault-Line Investing
"Overall, this is a productive time for humanity, but there are a number of fault lines of concern" - Matt McLennan
"[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
» Fox Business, Countdown to the Closing Bell
"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
» DowJones Newswire, First Eagle's Measured Approach Pays Off
"The fund is managed on a battleship basis, moving very slowly and carefully." -Matt Lamphier
"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
"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
"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
"We like [businesses with] strong market position and we like rock solid balance sheets."-Matt McLennan
» SmartMoney, Hunting the Globe
"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
"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
» The Wall Street Transcript, Investing in Gold
"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
Portfolio Manager Matt McLennan was featured in Barron's magazine.