General Investing >> Money Manager Interviews >> June 1, 2009
Flexible Value Investing – Donald Yacktman & Stephen Yacktman – Yacktman Asset Management Co.
Stephen Yacktman is Chief Investment Officer and Portfolio Manager of Yacktman Asset Management. He joined Yacktman Asset Management in April 1993 from Brigham Young University, where he earned his B.S. in economics with a minor in math and an MBA. Profile
Donald Yacktman is the President and Co-Chief Investment Officer of Yacktman Asset Management LP. Before founding the firm in April 1992, Mr. Yacktman served for 10 years as the Senior Portfolio Manager of Selected Financial Services, Inc. For nine of those years, he also was the Portfolio Manager of the Selected American Shares mutual fund. Mr. Yacktman was named Portfolio Manager of The Year by Morningstar for his performance in 1991. Before joining Selected Financial Services, he was a Portfolio Manager at Stein Roe & Farnham. Mr. Yacktman holds a B.S., magna cum laude, in economics from The University of Utah and an MBA with distinction from Harvard University. Profile
TWST: Let's start with an overview of Yacktman Asset Management and your
investment philosophy there.
Donald Yacktman: Yacktman Asset Management was founded in 1992 and we manage two