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Donald Yacktman: A Pioneer in Value Investing

#### Full Name and Common Aliases
Donald Yacktman's full name is Donald Robert Yacktman. He is often referred to as Don Yacktman by his peers.

#### Birth and Death Dates
Donald Yacktman was born on April 12, 1942. Unfortunately, there is limited information available regarding his passing or current status.

#### Nationality and Profession(s)
Don Yacktman holds American nationality and has had a distinguished career in finance, focusing primarily on value investing as an investor, portfolio manager, and money manager.

Early Life and Background


Born in the United States, Donald Yacktman grew up with a keen interest in business and economics. His early exposure to financial markets was instrumental in shaping his future career path. After completing his education, Don began working in finance, where he quickly distinguished himself through his investment acumen.

Major Accomplishments


Throughout his illustrious career, Donald Yacktman achieved numerous milestones that have contributed significantly to the world of value investing. Among his notable accomplishments:

Founding of Yacktman Asset Management: In 1972, Don co-founded Yacktman Asset Management with his partner, Stephen Yacktman (his son). This marked a significant milestone in his career and enabled him to build upon his investment philosophy.
Value Investing Pioneer: Donald Yacktman is widely regarded as one of the pioneers in value investing. His commitment to this approach has inspired generations of investors worldwide.

Notable Works or Actions


Don's contributions extend beyond his professional achievements, encompassing numerous interviews and lectures on value investing strategies. Some notable works include:

Books on Value Investing: While not a prolific author, Don Yacktman has shared insights into value investing in various publications and interviews.
Investment Philosophy: His unwavering commitment to the principles of value investing has influenced many investors worldwide.

Impact and Legacy


The impact of Donald Yacktman's work in value investing cannot be overstated. He has played a pivotal role in shaping the investment landscape through his:

Long-term Approach: Don's emphasis on long-term investments has been particularly influential, encouraging investors to adopt a more patient approach.
Value Investing Philosophy: His adherence to and promotion of value investing principles have helped foster a community committed to this approach.

Why They Are Widely Quoted or Remembered


Donald Yacktman is widely recognized for his dedication to the principles of value investing. His:

Influence on Value Investing: Don's contributions have been instrumental in popularizing and refining the value investing philosophy.
Expertise and Authority: As a seasoned practitioner, he has earned respect from investors, financial professionals, and academics alike.

Donald Yacktman's legacy continues to inspire new generations of investors. His unwavering commitment to the principles of value investing will undoubtedly be remembered for years to come.

Quotes by Donald Yacktman

It's frustrating in the sense that we look dumber than we really are, ... We own a lot of unpopular but profitable stocks.
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It's frustrating in the sense that we look dumber than we really are, ... We own a lot of unpopular but profitable stocks.
The whole court system in this country seems a little bizarre, ... When I was a kid, cigarettes were called 'cancer sticks' and 'coffin nails.' To say the companies have been trying to hide things doesn't make sense?The courts tied the tobacco companies' arms behind their backs.
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The whole court system in this country seems a little bizarre, ... When I was a kid, cigarettes were called 'cancer sticks' and 'coffin nails.' To say the companies have been trying to hide things doesn't make sense?The courts tied the tobacco companies' arms behind their backs.
Back in 1987, the day of the 500-point decline, I started buying like crazy, ... I spent $40 million that day.
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Back in 1987, the day of the 500-point decline, I started buying like crazy, ... I spent $40 million that day.
A delay allows people to have less psychology and more orderly behavior.
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A delay allows people to have less psychology and more orderly behavior.
There's only so long you can hold the beach ball under water,
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There's only so long you can hold the beach ball under water,
When people bought these funds, they bought them because they wanted me to manage the funds, not the directors.
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When people bought these funds, they bought them because they wanted me to manage the funds, not the directors.
Management can focus on one business. From a psychological standpoint as well as from a practical standpoint it's a positive move.
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Management can focus on one business. From a psychological standpoint as well as from a practical standpoint it's a positive move.
If we get good prices on the businesses we like, I'm willing to buy,
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If we get good prices on the businesses we like, I'm willing to buy,
Philip Morris still generates enormous amounts of cash, ... We're not giving up yet.
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Philip Morris still generates enormous amounts of cash, ... We're not giving up yet.
No company is totally immune from disaster, chaos, recession, you name it, ... But on a scale, ours tend to be most recession-proof.
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No company is totally immune from disaster, chaos, recession, you name it, ... But on a scale, ours tend to be most recession-proof.
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