Winter 2019
Graham & Doddsville, issue 35 · 33 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
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p. 1 ↗
Glenn Hubbard & Joseph Stiglitz
Columbia Business School, Columbia University
Two former chairmen of the Council of Economic Advisers, CBS dean Glenn Hubbard and Nobel laureate Joseph Stiglitz, on index funds, Jerome Powell's first stretch at the Fed, where the economy is fragile, and secular stagnation.
Macro and markets -
p. 1 ↗
Jeff Mueller & Damon Ficklin
Polen Capital
The PMs of Polen's concentrated global growth fund on their guardrails, managing risk through quality, the changing Chinese consumer, and Tencent, Alibaba, Adobe, Starbucks and Align.
Quality compoundersGrowth investingInternationalAsia -
p. 1 ↗
Dov Gertzulin
DG Capital
Dov invests across the capital structure in mid-sized companies: distressed debt, post-reorg equities and other special situations. He covers the tech bubble, buying distressed debt in 2008, and Contura, Tropicana Entertainment and Twin River.
DistressedSpecial situationsCredit
Student pitches
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p. 13 ↗
Long Nordstrom
By Tonya Kostrinsky, Stephanie Moroney, Vivian Wang and Freda Zhuo
Nordstrom looks like a department store but gets more than half its revenue from e-commerce and its other formats. The team saw 46% upside.
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p. 15 ↗
Long Lions Gate Entertainment
By Amit Bushan, Bruce Kim and Stephanie Moroney
Movies, TV production and Starz under one roof, pitched with a target 44% above the price.