Winter 2009
Graham & Doddsville, issue 5 · 35 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 ↗
Bruce Berkowitz
Fairholme Capital Management
Bruce runs Fairholme as if his investors had all their money in it. He talks about 'don't lose' as rule number one and what growing up around bookmaking taught him about odds.
Portfolio constructionDeep value -
p. 20 ↗
Michael Mauboussin
Legg Mason
Legg Mason's chief investment strategist on investor behavior, how it moves prices, and his view of the market in late 2008.
Macro and markets -
p. 31 ↗
Bruce Greenwald
Columbia Business School
Bruce on analyzing financial companies, the new edition of Security Analysis, and the three traits a great investor needs.
FinancialsCareer advice
Student pitches
-
p. 16 ↗
Short Marvel Entertainment
By Avram Drori
Overvalued at $30, with unusual financing and accounting and slowing long-term demand.
-
p. 18 ↗
Long Horsehead Holding
By Grant Bowman
The lowest-cost producer of specialty zinc, because steel mini-mills pay it to take the dust its process uses.