Fall 2022
Graham & Doddsville, issue 46 · 47 pages
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Interviews
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p. 5 ↗
Jacob Rubin
Philosophy Capital
Philosophy goes long and short across the capital structure. Jacob tells the Atlas Air and Bombardier stories, and how Avaya's converts jumped to 95 and then went wrong a couple of weeks later.
Special situationsDistressedShort selling -
p. 20 ↗
Connor Haley
Alta Fox Capital Management
Connor started Alta Fox in 2018 to invest in small, overlooked companies. He talks about what he took from Joel Greenblatt, the capital allocation mistakes he sees, engaging with management, and his IDT thesis.
Small capsActivismJudging managementBuilding a firm -
p. 32 ↗
Christopher Bloomstran
Semper Augustus
Chris on 24 years of running a concentrated book at Semper Augustus, Berkshire's history, his advice to Disney on capital, and why Ross Stores is one of his biggest mistakes.
Quality compoundersJudging managementPortfolio construction
Student pitches
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p. 16 ↗
Long CATL (Contemporary Amperex Technology)
By Shalin Doshi
The leader in EV batteries with about a third of the market, pitched with a target twice the price by the end of 2024.
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p. 18 ↗
Long Planet Fitness
By Alan Leite, Thomas Schlabach, Cheng Jiang and Matthew West
The world's largest gym franchisor, with more than 2,300 locations and 90% of them franchised.