Nasdaq cratered and his large-cap flagship Longleaf Partners Fund ( LLPFX) was up 21% in 2000.

FORBES: Know What You're Buying

Longleaf Partners Small-Cap Fund has had a ten-year average return of 11.5% versus 8.5% for peers.

FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy

General Motors (nyse: GM - news - people) makes up 6.2% of the Longleaf Partners Fund.

FORBES: Know What You're Buying

As the Nasdaq rose toward its peak early last year Longleaf Partners Funds' value portfolio sank 14% in two months.

FORBES: Know What You're Buying

Flying solo lately, young Thompson takes issue with such prominent elders in the value realm as James Gipson of Clipper Fund and Mason Hawkins of Longleaf Partners.

FORBES: Stumbling Angels

Chesapeake Energy, one of the biggest positions in their flagship mutual fund, Longleaf Partners, was hit by a barrage of negative publicity as its brash billionaire chief executive, Aubrey McClendon, came under fire for alleged self-dealing.

FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy

Veteran fund picker Sheldon Jacobs, editor of the No-Load Fund Investor, is delighted with the boost his favorite international equity fund gave his model portfolios last month: Longleaf Partners International ( LLINX) was up 14.2% in April.

FORBES: Fund Advisers' Foreign Picks