Here is an excerpt by the publishers at www.grahamanddodd.com:
We are pleased to present you with the tenth edition, Issue X, of Graham & Doddsville, Columbia Business School‘s student-led investment newsletter co-sponsored by the Heilbrunn Center for Graham & Dodd Investing and the Columbia Investment Management Association. This issue features an interview with Steven Romick, portfolio manager of FPA Crescent Fund. Mr. Romick outlines his free-range capital allocation approach and walks through his preference for large-cap, internationally exposed companies with pricing power. He also discusses the fund‘s recent investment in distressed mortgages.
The issue also features an interview with Donald G. Smith, who volunteered for Ben Graham at UCLA. His fund concentrates on the bottom decile of price to tangible book stocks and has compounded 15% over 30 years. We also talk with Danilo Santiago, CBS ”—01 and Claudio Skilnik, CBS ”—02, who operate a long-short fund with a unique strategy of focusing on a stable set of 85 companies. We also aim to offer specific investment ideas that are relevant today. The current issue includes two student investment ideas, including U.S. Physical Therapy (USPH), presented by Ryan Coyle '11 and Core-Logic, Inc. (CLGX) by Alex Latushkin '11.
Download your own copy here.
To check out on Steven Romick’s stock portfolio, click on his name.
We are pleased to present you with the tenth edition, Issue X, of Graham & Doddsville, Columbia Business School‘s student-led investment newsletter co-sponsored by the Heilbrunn Center for Graham & Dodd Investing and the Columbia Investment Management Association. This issue features an interview with Steven Romick, portfolio manager of FPA Crescent Fund. Mr. Romick outlines his free-range capital allocation approach and walks through his preference for large-cap, internationally exposed companies with pricing power. He also discusses the fund‘s recent investment in distressed mortgages.
The issue also features an interview with Donald G. Smith, who volunteered for Ben Graham at UCLA. His fund concentrates on the bottom decile of price to tangible book stocks and has compounded 15% over 30 years. We also talk with Danilo Santiago, CBS ”—01 and Claudio Skilnik, CBS ”—02, who operate a long-short fund with a unique strategy of focusing on a stable set of 85 companies. We also aim to offer specific investment ideas that are relevant today. The current issue includes two student investment ideas, including U.S. Physical Therapy (USPH), presented by Ryan Coyle '11 and Core-Logic, Inc. (CLGX) by Alex Latushkin '11.
Download your own copy here.
To check out on Steven Romick’s stock portfolio, click on his name.
