A Legend Lost
From the Tweedy Browne website:
December 14, 2009
We are deeply saddened by the passing of our dear friend and colleague, Christopher H. Browne. Chris died on Sunday, December 13th from a heart attack.
Chris joined Tweedy, Browne after graduating from the University of Pennsylvania in 1969, and became a partner of the Firm in 1974. Chris was the second generation of Brownes to work at Tweedy, Browne, following in the footsteps of his father, Howard Browne. Earlier this year, Chris formally took a step back from his daily involvement and became a senior advisor to the firm. His tenure at Tweedy spans some 40 years during which time Tweedy, Browne evolved from being a rather small investment advisor to a global investment manager for individuals, institutions and family groups from all over the world.
Chris made an immeasurable contribution to our Firm during his 40-year tenure at Tweedy, Browne. We will miss his wit, his charm and loving, warm personality. He will be deeply missed.
William H. Browne
Thomas H. Shrager
John D. Spears
Robert Q. Wyckoff, Jr.
Chris Browne was a legend in the world of value investing. Much has been written about him in recent days. I had the privilege hearing Mr. Browne speak in Professor Greenwald’s class not only once, but twice. As printed on the Heilbrunn Center for Graham and Dodd Investing website:
Browne was a long time advisor to the Heilbrunn Center and was always supportive of the idea of an academic center for the value investing approach. He was a founding member of the Heilbrunn Center Board of Advisors in 2002, and served for 7 years as a trusted advisor to the program.
The only addition I have to what has already been written is that the following article is an absolute must read for anyone with an interest in value investing.
Our hearts and prayers go out to both Chris Browne’s family and Tweedy Browne.
See: Value Investing and Behavioral Finance by Chris Browne
See: “A Career Spent Finding Value” by Jason Zweig, WSJ, Deceber 16, 2009]
UPDATE: To see videos of Chris Browne guest lecture in Professor Greenwald’s Value Investing Class click here and scroll to the third speaker.
