General Investing >> Money Manager Interviews >> March 9, 2009

Traditional Large Cap Value Investing – Randall R. Eley – The Edgar Lomax Company

Randall R. Eley is President and Chief Investment Officer of The Edgar Lomax Company, an investment advisory firm in Springfield, Virginia. He graduated from Yale University in 1974 with a BA degree in Political Science and received a JD degree from the University of Chicago Law School in 1977. Prior to founding the company, he was a practicing corporate attorney specializing in bond law with the Omaha, Nebraska-based firm of Kutak Rock. He started there in June 1977 and was a partner from January 1982 through August 1986. The Edgar Lomax Company has established a solid reputation as an equity management firm. It has been ranked periodically by Nelson Information, Inc., as a "large-cap value" money manager on its World's Best Money Managers list and has held the top-performing position twice in the past: for the three-year periods ending on March 31 and June 30, 1996. His credentials as a money manager have grown along with those of the company. He is a two-time winner of The Wall Street Journal's "dartboard" stock- picking contest (in January and June 1990). He has appeared on numerous radio and TV programsincluding repeat appearances on CNN, CNBC, Wall Street Week and as a regular "guest market monitor," on The Nightly Business Reportand been the subject of many articles, including profiles in Barron's on April 1, 2002 and in the March 21, 2005 issue of Fortune magazine. He has also received a number of honors, which include his selection by Dollars and Sense magazine in 1988 as one of "America's Best & Brightest Young Business & Professional Men" and his selection by The Washington Times in February 1997 as one of "Five Banking Executives You Need in Your Rolodex." In addition to his position with The Edgar Lomax Company, he is a member of the New York Stock Exchange's Individual Investors Advisory Committee and the Board of Visitors of the University of Mary Washington. Profile
TWST: Would you start with an overview of The Edgar Lomax Company and its

investment philosophy?

Mr. Eley: The company has been in business almost 23 years, since September

1986, and we are