Tom Saberhagen is a Partner at Akre Capital Management, a $7 billion-plus asset manager based in Middleburg, VA. Prior to joining Akre, Saberhagen was a senior analyst for Aegis Financial Corporation and worked in management consulting. I interviewed Saberhagen to hear his thoughts on value investing, active management and his experience to date at Akre. Akre Capital ManagementKevin Harris: What do you think is most misunderstood about the discipline of value investing today? Tom Saberhagen: Lots of people want to compare “value” against “growth” but we would make a different distinction, between “investing” and “speculating.” Investing is about valuing businesses.

Source: Forbes April 25, 2018 19:01 UTC