(forbes.com) Jean-Marie Eveillard is senior adviser of First Eagle Funds.
Steve Forbes: Jean-Marie, thank you very much for joining us.
Jean-Marie Eveillard: My pleasure, Steve.
Forbes: You have been called a value investor. Can you define what you mean by value investing?
Eveillard: Well, value investing, it, as you know, it's Ben Graham, who in the '30s, found the value school--founded the value school. And it's the idea that you look at businesses, you try to figure out what they're worth. Not in terms of the next quarterly earnings, but what, if you have the cash, what kind of price you'd be willing to pay for it today, for the entire business.
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