Search Results - Forester, Thomas

Thomas Forester

Thomas H. Forester (born December 15, 1958) is an American mutual fund manager. He was the only long-focused United States stock mutual fund manager to make a profit in 2008. He turned a profit in the third quarter of 2002, during the stock market downturn of 2002 and was first in his asset class year-to-date through November 1, 2004.

Forester is a value investor who makes decisions based on fundamentals such as price–earnings ratio. His fund focuses on large-value stocks. He is a contrarian investor. Like many value investors, he is a more of a portfolio investor than a short-term trader. One of the most important financial ratios for Forest was the ratio of home prices to incomes, which helped him foresee the United States housing market correction. His fund has typically underperformed during market rallies.

Due to Forester's investing style of buying stocks with low price–earnings ratios and good earnings prospects, he has been compared to Warren Buffett. Forester loosely quotes Buffett at times such as in ''Barron's'' when he said: "It's When The Tide Goes out that you find out who's swimming without a bathing suit. I have mine on." Forester maintains previous employer Sir John Templeton as his role model. He invests by the philosophy credo that "I buy undervalued stocks, and if there are none, I go to cash."

While his fund at one point had $250 million in assets under management, by 2018, it was down to $40 million. The fund posted losses in 2012, 2015, 2016, and 2017, and never exceeded a 10% return after 2010. It currently has $3 million in assets. Provided by Wikipedia