@VIC: A Radically Different Context for Value Was Going On Outside (at Seeking Alpha)

by: Philip Davis posted on: October 08, 2008 | about stocks: Phil Davis attended this week's Value Investing Congress on behalf of Seeking Alpha. Here are Phil's notes from the conference. I was, ironically, at the Value Investing Congress Tuesday where some of the best hedge fund managers in the world, such Bill Ackman, Jeffrey Schwarz and, Leon Cooperman, to name a few share with about 1,500 investors their thoughts on the market as well as giving us overviews of their portfolios. The investors I spoke to at the conference were definitely "shopping" as most of them see a great opportunity to deploy cash in the market, but I wondered how much of that was reflected by the fact that they had been sitting at a conference with a lot of rich people for two days and not watching the markets, like I had been until 11am. So I was,... [read full story]