Co-CIO and Portfolio Manager John Goetz and Senior Research Analyst Daniel Babkes take a deep dive into our research process and recount how Pzena chose to make GE one of the largest positions in our US and Global value portfolios.

John Goetz and Daniel Babkes discuss the following:

The fundamental strength of GE's businesses and the problems that led it to become a value stock.

How we analyzed these problems to determine that GE was still a strong, worthwhile investment.

The decision process to add a new company to the portfolio.

How position monitoring allows us to increase our position size to overreactions by the market.

Further Information

These materials are intended solely for informational purposes. The views expressed reflect the current views of Pzena Investment Management (“PIM”) as of the date hereof and are subject to change. Neither the speaker nor PIM undertake to advise you of any changes in the views expressed herein. There is no guarantee that any projection, forecast, or opinion in this material will be realized.  Past performance is not indicative of future results.  All investments involve risk, including risk of total loss.

General Electric (“GE”) is held in several of our strategies as of December 31, 2019.  The specific portfolio securities discussed in this podcast are included for illustrative purposes only and were selected based on their ability to help you better understand our investment process.  They do not represent all of the securities purchased or sold by PIM during the period, and it should not be assumed that investments in such securities were or will be profitable. 

This recording does not constitute a current or past recommendation, an offer, or solicitation of an offer to purchase any securities or provide investment advisory services and should not be construed as such.  The information contained herein is general in nature and does not constitute legal, tax, or investment advice. PIM, the speaker, or any other person does not make any warranty, express or implied, as to the information’s accuracy or completeness. Prospective investors are encouraged to consult their own professional advisers as to the implications of making an investment in any securities or investment advisory services

Non-U.S. investors, please click on the following link for important information:  http://www2.pzena.com/PodcastDisclosure

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