Pzena Investment Management is an independent investment management firm that employs a classic value investment approach for domestic and international portfolios...

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Sticking to a time-tested investment strategy has proven to be the most effective means of generating excess returns over the long haul, even despite the setbacks that are part of such a strategy. We examine the record of value investing, and why history suggests current valuation levels set the stage for future out-performance.

Read: Our First-Quarter Commentary

Rich Pzena on "Surviving the Cycles on Investing": Outstanding Investor Digest, 2/29/08

A tough environment never causes real value investors to waver. Disciplined, fact based analysis sows the seeds of significant future outperformance...

See our thoughts: Articles from past market cycles