Wally Weitz, chief investment officer of Omaha-based Weitz Investments, addressed students in MOI member Dave Sather's class at Texas Lutheran University in October 2015.A transcript is available to Premium members. Learn about Premium membership.
As the chief investment officer and founder of Weitz Investments, Wally has spent over three decades putting his instinct for opportunity to work for shareholders. Influenced by the value investing model of Benjamin Graham and Warren Buffett, Wally has steadily produced outstanding results on the funds that he’s managed. He manages the Partners III Opportunity Fund and co-manages Value Fund, Partners Value Fund and Hickory Fund. Wally discovered Benjamin Graham’s concept of value investing in high school. Already an investor (he made his first stock buy at the age of 12), he recognized a common-sense approach when he saw it. After earning a BA in economics at Carleton College in 1970, Wally spent three years in New York doing security analysis before coming to Omaha and joining Chiles, Heider & Co. in 1973. There, he spent 10 years as an analyst and portfolio manager until he started Wallace R. Weitz & Company in 1983. Wally has made a career out of his favorite hobby, investing. When he’s not doing that, he loves to golf, travel, read and work with charitable and educational foundations. Wally is on the Board of Trustees for Carleton College and serves on various other non-profit boards.
Dave Sather is president of the Sather Financial Group, Inc, a “fee-only” financial planning and investment management firm which manages approximately $440 million in client assets. Dave was raised in El Paso, Texas and received his B.A. in Business Management from Texas Lutheran University and received his M.B.A. from Texas A&M University. He has spent the past twenty years in the financial analysis, investment and banking industries. Prior to starting Sather Financial, he worked for PaineWebber and served as the head of portfolio management for First Victoria National Bank's Trust Department and oversaw the bank's brokerage operations. Dave also serves as an adjunct professor in the Business program at Texas Lutheran University, is a member of the schools Executive Advisory Council and serves on the schools Investment Committee. Additionally, he is a director of Business Bank of Texas. He and his wife, Carol, live in Victoria, Texas.