The Case for Old Technology Companies

Many investors chase hot trends, but bargain hunters seek established companies with shares that are easier to value and sell on discount.

In what seems like eons ago in Internet time, Rupert Murdoch’s News Corp. paid $580 million in 2005 to buy Myspace, then the phenom of the social-networking world. Commentators lauded Murdoch for his masterstroke in snatching the prize from other eager suitors, including Viacom chairman Sumner Redstone, who called losing out on Myspace “humiliating.”

Why Value Investing Is Hard

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Whitney Tilson
Contributing Editor, Kiplinger's Personal Finance