Posted on 09/08/07
Market turmoil yields its own rewards
Unlike many investors, fund manager Michael Embler finds the current market turmoil to be a rewarding experience.But then, Mr. Embler is a deep value investor."We are trying to buy company shares at a meaningful discount to intrinsic value and, clearly, opportunities to do that are caused by market dislocations, fear, short-term underperformance," said the chief investment officer of Short Hills, N.J.-based Franklin Mutual Advisers, which managed about $83-billion (U.S.) in assets as of June 30.
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