Donald Yacktman, veteran investor and president and co-chief investment officer of Yacktman Asset Management Co., and Russell Wilkins, senior vice president portfolio manager, sat down with GuruFocus in their Austin office for an interview recently. The conversation spanned the most important keys to his career success to insight into his current holdings and predictions for the future.
During the conversation, he used the word “long-term” many times. One got the feeling that his “long-term” is longer than the “long-term” of most others. Money managers like to use the word “long-term” to justify their recent underperformance, but Yacktman Funds’ shorter-term performance is just as good as its long-term performance.
Link to full article: http://www.gurufocus.com/news/187901/donald-yacktman-interview-with-gurufocus