Wallace R. Weitz‘s Weitz Investment Management was founded in 1983 by Mr. Weitz, with a philosophy of investing in strong businesses at discounted prices to what a savvy buyer would likely pay for the company. In the more than three decades since, Mr. Weitz has gone from managing $11 million in client money to managing about $4 billion in funds.
2016 was not an exemplary one for the fund however, as the Weitz Value Fund’s Institutional Class posted gains of 3.13%, well off the 11.96% and...
