Wally Weitz founded Weitz Investment Management in 1983 as an independent, employee-owned investment firm emphasizing long-term, value-oriented investing through disciplined research and client-focused transparency. He began investing at age 12 and has over four decades of investment experience, strongly influenced by Benjamin Graham and Warren Buffett's value investing principles. Drew Weitz joined the firm in 2008 as a research analyst and became Co-Chief Investment Officer, overseeing multiple equity funds totaling approximately $4 billion in assets. The firm aligns its goals with clients by investing alongside them. The investment team emphasizes understanding businesses fundamentally, employing a 'Quality at a Discount' strategy that focuses on identifying well-managed companies with strong long-term prospects and buying their stock at a discount to intrinsic value, ensuring a margin of safety.

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The Fund's investment strategy for equity securities, called 'Quality at a Discount', seeks to buy above-average to highest-quality businesses at prices below estimates of business value. The value of a business is a function of the cash flows it will generate over time. The team thinks about and values a business like a private buyer and looks to buy shares at a discount to calculation of intrinsic value. Human behavior and market sentiment are more volatile than the intrinsic value of a business. The firm takes a long-term view and constructs a high active share portfolio. The firm employs a proprietary process involving evaluating six key factors of business quality using their Weitz Quality Score Matrix, combined with discounted cash flow analysis and a stringent equity discount rate to determine a company's intrinsic value.

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