How did he do it?
"He did it by watching the downside," the Wall Street Journalreports.
What does Forester himself attribute his success to?
"Our obsession with risk control," he writes at forestervalue.com. "The Fund focuses on stock fundamentals, instead of the psychology surrounding an individual stock."
Examples of stocks that performed for Forester in 2008: Anheuser-Busch, Wal-Mart, and McDonald's.
Roeder says that Forester is "comfortable with his obscurity" but his winning results "threaten him with stardom."
Maybe so, but Chuck Jaffe of MarketWatchoffers a caveat: "This is not Forester Value's first time as king of the hill. The fund was in the top 1 percent of its large-value peer group in both 2002 and 2004. It has also been at the bottom of the pig pile, finishing in the bottom 1 percent of its peers in 2003 and 2006."