Fall 2014
Graham & Doddsville, issue 22 · 39 pages
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Interviews
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p. 1 ↗
Wally Weitz
Weitz Investment Management
Wally on how his philosophy changed over the years, the discount he needs before he's interested, poking holes in a thesis, and how much cash he's willing to hold.
Judging managementPortfolio construction -
p. 1 ↗
Guy Gottfried
Rational Investment Group
Guy learned under Bruce Berkowitz at Fairholme before starting Rational in 2009. He talks about partnering with strong management and keeping his discipline.
Judging managementBuilding a firm -
p. 1 ↗
Paul Tierney
Development Capital Partners
A New York manager that invests only in Africa, on the excitement and the problems of investing across the continent.
International
Student pitches
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p. 22 ↗
Short B&M European Value Retail
By Sisy Wang
An overhyped IPO pitched as 'the Dollar General of the UK, with Tesco management as chairman.'
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p. 24 ↗
Long Countrywide
By Kevin Lin
Pitched with about 90% upside to the end of 2018, dividends included.