The Story of a Value Investing Legend===

Jean-Marie Eveillard is a value investing legend who has spent over half a century navigating the intricacies of the stock market. His approach to investing has been hailed by many as one of the most successful in the industry. Jean-Marie has been described as the epitome of patience and discipline, and his investment philosophy has been the bedrock of his success. Over the years, Jean-Marie has managed to weather some of the most turbulent markets, including the Great Recession of 2008, and come out on top.

In this article, we will take a closer look at the life and career of Jean-Marie Eveillard, from his early years in France to his legendary status as a value investing guru. We will explore his investment philosophy, his mentors, and the lessons he has learned from his long and illustrious career. We will also examine his advice to investors, and how his principles can be applied to achieve success in the stock market.

The Early Years: From France to America

Jean-Marie Eveillard was born in 1940 in Poitiers, France. He grew up in a family of doctors and academics, but his interests lay in finance and economics. After completing his studies in France, Jean-Marie moved to New York in 1968 to work at SoGen International, a French bank. It was during his time in New York that he discovered the world of value investing, and he became a disciple of Benjamin Graham, the father of value investing.

Jean-Marie’s early years in America were a learning experience. He immersed himself in the world of finance, reading everything he could get his hands on about the stock market. He also honed his skills as an investor, learning from some of the best in the business. In 1972, he joined the Mutual Shares Fund, where he worked under the tutelage of Max Heine, one of the pioneers of value investing.

The First Eagle Funds: A New Beginning

In 1979, Jean-Marie Eveillard became the portfolio manager of the SoGen International Fund. He later changed the name of the fund to the First Eagle Fund, a name that would become synonymous with value investing. Under Jean-Marie’s leadership, the First Eagle Fund became one of the most successful mutual funds in the industry. Jean-Marie’s approach to investing was unconventional – he believed in investing in undervalued companies with strong fundamentals, and he was willing to hold onto his investments for the long-term.

The Art of Value Investing: Jean-Marie’s Philosophy

Jean-Marie Eveillard has been hailed as one of the greatest value investors of all time, and his investment philosophy is one of the most successful in the industry. At the heart of his philosophy is a simple principle – invest in undervalued companies with strong fundamentals, and hold onto them for the long-term. This approach requires patience, discipline, and a deep understanding of the companies in which he invests. Jean-Marie believes that investing is an art form, and his ability to read the markets and choose the right investments has been honed over decades of experience.

The Great Recession: A Test of Faith

The Great Recession of 2008 was one of the most challenging periods in the history of the stock market. Many investors lost their shirts, and even the most seasoned investors struggled to navigate the turbulence. Jean-Marie Eveillard was no exception. His First Eagle Fund lost nearly 30% of its value during the crisis, and many investors began to question his investment philosophy. But Jean-Marie remained steadfast in his belief in value investing, and he continued to hold onto his investments.

The Comeback: A Return to Form

Jean-Marie’s patience and discipline paid off. The First Eagle Fund rebounded, and by 2010, it had outperformed the S&P 500 by more than 10% over the previous decade. Jean-Marie’s comeback was a testament to his belief in value investing, and his ability to weather the storm. He had proven that even in the most challenging of markets, his approach was still the most successful.

Beyond the First Eagle Funds: A Legacy of Success

Jean-Marie Eveillard retired from the First Eagle Fund in 2004, but his legacy lives on. He has been hailed as one of the greatest investors of all time, and his approach to investing has inspired a generation of value investors. He continues to be involved in the investment industry, and his insights and expertise are still sought after by investors around the world.

Jean-Marie’s Mentors: Lessons from Benjamin Graham

Jean-Marie’s investment philosophy has been heavily influenced by his mentor, Benjamin Graham. Graham is widely regarded as the father of value investing, and his principles have been the guiding force behind Jean-Marie’s success. Graham believed in investing in companies with strong fundamentals, and he stressed the importance of patience and discipline. Jean-Marie has taken these principles to heart, and they have been the bedrock of his investment philosophy.

The Importance of Patience: Jean-Marie’s Long-Term Perspective

Jean-Marie Eveillard’s investment philosophy is grounded in the principles of patience and a long-term perspective. He believes that investing is not a short-term game, but a long-term commitment. His approach is to invest in undervalued companies with strong fundamentals, and to hold onto them for the long-term. This requires patience, discipline, and a deep understanding of the companies in which he invests.

The Human Element: Jean-Marie’s Focus on Relationships

Jean-Marie Eveillard believes that the human element is an essential part of investing. He stresses the importance of building relationships with the companies in which he invests, and of taking a personal interest in their success. He believes that investing is not just about the numbers, but about the people behind the companies. This human element has been a key part of Jean-Marie’s success, and it has helped him to build strong, long-lasting relationships with the companies in which he invests.

Jean-Marie’s Advice to Investors: Simplicity and Discipline

Jean-Marie Eveillard’s advice to investors is simple – invest in undervalued companies with strong fundamentals, and hold onto them for the long-term. He stresses the importance of patience and discipline, and the need to take a long-term perspective. He also believes in the importance of simplicity – keeping things simple and not overcomplicating things. Jean-Marie’s approach to investing is grounded in these principles, and he believes that they are the key to successful investing.

The Enduring Legacy of Jean-Marie Eveillard===

Jean-Marie Eveillard is a value investing legend, whose investment philosophy and principles have inspired a generation of investors. His approach to investing is grounded in the principles of patience, discipline, and a long-term perspective. He has weathered some of the most turbulent markets in history, and come out on top. Jean-Marie’s legacy lives on, and his insights and expertise are still sought after by investors around the world. His advice to investors is simple – keep things simple, invest in undervalued companies with strong fundamentals, and hold onto them for the long-term. This enduring legacy will continue to inspire investors for generations to come.