Tough business environments-even with all their new hurdles-inevitably show smart, visionary managers new ways to survive and grow by outperforming their competitors. These managers generate value for diligent, perceptive investors who recognize the potential of transformative action-and who are willing to spend the requisite time to identify managers who are acting to make their chances real.
Today is arguably a special moment for such companies-a point when many, having emerged from the fire of nearly unprecedented market and economic turmoil, will move aggressively to put what they've learned about business survival and success to work, for the long term. These situations, however, will fully reveal themselves only to the most patient investors-those with the deepest commitment to understanding a new world of investment value.
David Marcus is co-founder, CEO and CIO of Evermore Global Advisors, as well as lead portfolio manager of Evermore's Global Value and European Value portfolios. Marcus has more than 20 years of experience in the investment management business, starting his career at Mutual Series Fund, mentored by renowned value investor Michael Price.