Guy Spier presented his in-depth investment thesis on Fiat (Milan: F) at European Investing Summit 2013.
Guy provides an update on the European economic and investment environment. Low car sales volumes include an embedded opportunity, as a rebound should come over time and could benefit European automakers. Fiat (Milan: F) has excellent management and the asset base that could allow it to rise to the ranks of top-tier global automakers. European telecoms are in too tough a sector to result in a high-conviction thesis despite the low valuations. European banks are also a difficult investment opportunity to assess.
About the instructor:
Guy Spier is a Zurich-based investor. In June 2007 he made headlines by bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett. Since 1997 he has managed Aquamarine Fund, an investment partnership inspired by, and styled after the original 1950′s Buffett partnerships. Prior to starting Aquamarine Fund, Spier worked as an investment banker in New York, and as a management consultant in London and Paris. Mr. Spier completed his MBA at the Harvard Business School, class of 1993, and holds a First Class degree in PPE (Politics, Philosophy and Economics) from Oxford University. Upon graduating, he was co-awarded the George Webb Medley prize for the best performance in that year in Economics. While at Oxford he was a contemporary of David Cameron at Brasenose and attended economics tutorials with him. Spier is the CEO of the Spier family office. He also serves on the advisory board of Horasis, and is a co-host of TEDxZurich. Spier is a member of YPO, EO, Zurich Minds and the Latticework Club. Aquamarine has offices in New York, London and Zurich where Mr. Spier currently resides with his wife Lory and their three children, Eva, Isaac and Sarah.
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