David Iben offers the account of how his firm was fully invested in undervalued small-value stocks in the late 1990s at the bottom of the bear market and held on to realize major returns during the ensuing 12-year bull market. He gives the story to Real Vision's Grant Williams. The full version of the piece which this is excerpted from was published on Real Vision on December 18, 2015.
In this series, some of the biggest names in the financial industry share their experiences of getting it right at the right time. Hear about successful trades from the people who made them.