Global Bargain Hunter

摘要

Mexican cement manufacturers. japanese shipping companies. Pulp-and-paper makers. Dull as dishwater to most investors. "People don't like them. They have low expectations for them," says Bernard R. Horn, head of Polaris Capital Management, with $1.8 billion under management. But such unglamorous businesses have handsomely rewarded Horn's shareholders. His $400 million Polaris Global Value Fund has returned an annualized 17.7% in the past five years, far outpacing the Morgan Stanley Capital World Index's 6%.