Forester in The Media
Suddenly, during and after his 2008 market success, Forester, who runs his fund from Libertyville, became a celebrity. He made his first television appearance in December and newspapers from as far away as Chile's El Mercurio have requested interviews with him. In an interview with The Wall Street Journal Forester conceded that because his fund is smaller than many of his peers, he is able to get in and out of portfolio positions faster than others and that his returns would have been much lower if he had been managing a larger portfolio. However, he said his success at beating the market was more attributable to his financial market assessments than his fund's size. Because of the publicity his fund has been receiving in the down market its assets under management grew fivefold during 2008.
Due to Forester's investing style of buying low P/E stocks with good earnings prospects, he is compared to Warren Buffett. Forester loosely quotes Buffett at times such as in Barron's Magazine when he said: "It's When The Tide Goes out that you find out who's swimming without a bathing suit. I have mine on." Although he is now likened to Buffett, Forester maintains Templeton as his role model. He invests by the philosophy credo that "I buy undervalued stocks, and if there are none, I go to cash."
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Famous quotes containing the words forester and/or media:
“Whoso walketh in solitude,
And inhabiteth the wood,
Choosing light, wave, rock, and bird,
Before the money-loving herd,
Into that forester shall pass,
From these companions, power and grace.”
—Ralph Waldo Emerson (1803–1882)
“Few white citizens are acquainted with blacks other than those projected by the media and the so—called educational system, which is nothing more than a system of rewards and punishments based upon one’s ability to pledge loyalty oaths to Anglo culture. The media and the “educational system” are the prime sources of racism in the United States.”
—Ishmael Reed (b. 1938)