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It's 'Absolute Nirvana' for Value Investors, Whitney Tilson Says

Posted Oct 01, 2008 12:33pm EDT by Aaron Task in Investing, Electronics, Recession, Banking
Related: TGT, BKS, AAPL, RIMM, BRK-B, GS, CEG

When the Value Investing Congress convenes next week in New York City, some of the world's top value investors will share their ideas for the best stocks to own -- and short.

Henry and I got a sneak preview this morning with the conference's co-founder, Whitney Tilson, managing partner of T2 Partners and Tilson Mutual Funds.

"In a cash-constrained world of chaos and panic, we are finding tremendous bargains," says Tilson, who co-edits Value Inevstor Insight, a newsletter focused on value investing.

Berkshire Hathaway is the "best way to play the credit crunch," says Tilson, whose fund owns Warren Buffett's holding company. Other long positions include beaten-down retailers like Target and Barnes & Noble, which Tilson says have the balance sheets to survive the downturn -- and buy back stock along the way.

To hedge against those positions, Tilson has been betting against financials and short companies exposed to the consumer with high P/E ratios, including Apple and Research In Motion, as discussed in the accompanying video.

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