John D. Spears

We have empirical data showing that if you combine the bottom fifth of P/E or price-to-book ratios with significant purchases by top executives, you tend to outperform the cap-weighted market by about 10 to 11 percentage points per year. [...] The added value from insider purchases is therefore statistically very significant.
— John D. Spears
- Country
-
United States - Type
- π Value Investor
- Company
- Tweedy, Browne Company LLC
- Born
Profile
About John D. Spears
β Born: 1948 in Stamford, Connecticut, United States
πPlace of residence: Stamford, Connecticut, United States
π Investment style: Value investor
Tweedy, Browne Company LLC
π₯ Management: Roger R. de Bree, John D. Spears, Frank H. Hawrylak, Jay Hill, Thomas H. Shrager, Robert Q. Wyckoff, Jr (Managing Director)π Founded: 1920
π’ Headquarters: Stamford, Connecticut, United States
πΌ Industry: Investment advisory and fund management firm
His life
He has been with Tweedy, Browne since 1974 and currently serves as Managing Director and a member of the Investment and Management Committee. He is also Vice President of Tweedy, Browne Fund Inc., a group of mutual funds. Spears studied at the Babson Institute of Business Administration, the Drexel Institute of Technology, and the University of Pennsylvania.
Early life and education:
John D. Spears grew up in a small town in Connecticut, where his interest in the financial markets was sparked by the conversations of his father, who was also active in the industry. He received his thorough education in economics and finance at the Babson Institute of Business Administration, the Drexel Institute of Technology, and the University of Pennsylvania β The Wharton School.
Joining Tweedy, Browne Company:
Since 1974, John D. Spears has shaped the fortunes of Tweedy, Browne Company, where he serves as Managing Director. As a member of the companys Investment and Management Committee and Vice President of Tweedy, Browne Fund Inc., he demonstrates his expertise not only as an experienced financial expert but also as a visionary designer.
Promotion to Head of Investments:
Spears developed into an expert in international markets and was promoted to Head of Investments in 2005. His outstanding understanding of global economics and his instinct for future trends contributed to Tweedy, Browne Companys impressive performance.
Successes and challenges:
During his long career, Spears weathered various economic challenges, including the 2008 financial crisis and the uncertainties surrounding the COVID-19 pandemic. His conservative approach and ability to identify opportunities amidst uncertainty helped the firms investors achieve solid returns. In addition to being a successful financial professional, Spears also serves on the board of Haverford College.
Legacy and Outlook:
John D. Spears leaves behind an impressive legacy at Tweedy, Browne Company. As a thought leader in value investing and a responsible financial professional, he has significantly shaped the firm. His commitment to outstanding client service, ethical principles, and long-term values will continue to play an important role in the identity of Tweedy, Browne Company. Spears impact on the industry is lasting, and his story serves as an inspiration for aspiring financial professionals who aspire to follow in his footsteps.
Top 5 Positions View full portfolio
Company | Shares | Market value | Share price |
---|---|---|---|
Berkshire Hathaway Inc. | 167 | $133M | $798K |
Coca-Cola FEMSA, S.A.B. de C.V. | 1.3M | $117M | $91 |
Alphabet Inc. | 673K | $104M | $155 |
Ionis Pharmaceuticals, Inc. | 3M | $90M | $30 |
Johnson & Johnson | 438K | $73M | $166 |
Recent Transactions View all
Date | Company | Shares change | Transaction type |
---|---|---|---|
Alphabet Inc. | -64K | SELL | |
Atmus Filtration Technologies Inc. | -42K | SELL | |
Johnson & Johnson | -642K | SELL | |
Berkshire Hathaway Inc. | -118 | SELL | |
Baxter International Inc. | -30 | SELL |