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
    πŸ’Ž Value Investor
    Company
    Tweedy, Browne Company LLC
    Born

    Profile

    About John D. Spears

    ⭐ Born: 1948 in Stamford, Connecticut, United States
    πŸ“Place of residence: Stamford, Connecticut, United States
    πŸ“ˆ Investment style: Value investor

    Tweedy, Browne Company LLC

    πŸ‘₯ Management: Roger R. de Bree, John D. Spears, Frank H. Hawrylak, Jay Hill, Thomas H. Shrager, Robert Q. Wyckoff, Jr (Managing Director)
    πŸ“ƒ Founded: 1920
    🏒 Headquarters: Stamford, Connecticut, United States
    πŸ’Ό 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 – 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

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