Summer 2009
Graham & Doddsville, issue 6 · 37 pages
Page numbers are the ones your PDF viewer shows. Each one opens the PDF at that page; if your browser lands on page 1, scroll to the number. Open the full issue on Columbia's site ↗
Interviews
-
p. 1 ↗
Paul Sonkin
Hummingbird Value Fund
Paul compares the post-Lehman panic to 9/11, explains why he thought the expected 'next shoe' wouldn't drop, and talks about Avantair taking share from NetJets.
Small capsMacro and markets -
p. 11 ↗
Steve Moyer
'The mother of distressed cycles.' Steve explains why the debt build-up made a wave of distress foreseeable, and what the cycle meant for value investors.
DistressedCredit -
p. 20 ↗
Timothy Hartch & Michael Keller
Brown Brothers Harriman
The co-managers of the BBH Core Select Fund on focusing on essential services within a value framework.
Quality compounders -
p. 26 ↗
Jim Scott
General Motors Asset Management
The Heilbrunn Center's director of research, who once ran $45 billion of quant strategies at Prudential, on using quantitative tools in value investing.
QuantitativeAcademic research
Student pitches
-
p. 16 ↗
Long Precision Castparts
By Chuck Murphy
A misunderstood business riding the shift to high-performance materials like titanium, an organic growth opportunity of 5% to 10% a year.
-
p. 18 ↗
Short Apollo Group
By Tim Rupert, Grant Bowman and John Piermont
The for-profit education company was priced for perfection while its outlook was far from perfect.