Spain’s Warren Buffett Followers Score a Rare Win for Value Investing

Buffett Followers Score a Rare Win for Value Investing in Spain Madrid has turned into a value hub thanks to years of market-beating returns by Francisco García Paramés and his peers. Value investors are a dying breed these days. That’s what makes the story of Francisco García Paramés and his ever-expanding band of acolytes in Spain so surprising. Over a four-decade career, Paramés has reached legendary status in value circles by churning out top-tier returns year after year. His flagship €1.2 billion ($1.4 billion) Cobas Internacional fund achieved an average annual return of 20% in the past five years, after a run at asset manager Bestinver that earned him comparisons to Warren Buffett.