A new issue of Columbia Business School's Graham & Doddsville newsletter has been released. It features interviews with Professor Bruce Greenwald as he retires, and Mark Cooper of First Eagle Management. It also features a conversation with Michael Mauboussin of Blue Mountain Capital and Tom Digenan of UBS Asset Management.
Lastly, it also interviews upcoming fund launch: Rishi Renjen's ROAM Global. Prior to launching, he worked at Maverick Capital, TPG-Axon, and Glenview Capital.
This time around, Graham & Doddsville also includes student investment pitches from the Pershing Square Challenge.
1st place this year was a short of Stericycle (SRCL), 2nd place was a short of Credit Acceptance (CACC), and 3rd place was a short of Spotify (SPOT). The issue also showcases pitches on short CH Robinson (CHRW), short Harvey Norman, and long Digicel credit.
Embedded below is the latest issue of Graham & Doddsville:
You can download a .pdf copy here.
And if you missed it, be sure to check out the recent past issue that includes interviews with Lee Cooperman, David Poppe, and John Harris.
Tuesday, May 8, 2018
New Graham & Doddsville Issue: Mauboussin, Greenwald & More
Tuesday, January 30, 2018
Graham & Doddsville New Issue: Lee Cooperman, David Poppe, John Harris & More
The Winter 2018 issue of Columbia Business School's Graham & Doddsville newsletter is out. It features interviews with Lee Cooperman of Omega Advisors as well as David Poppe and John Harris of Ruane, Cunniff & Goldfarb. Also, they talk with Vulcan Value Partners' C.T. Fitzpatrick, as well as Seth Fischer of Oasis Management.
Cooperman talked about the market's run: "I believe we're adequately priced. I think we're heading to a normalization. We have been living through a very strange period." He doesn't see euphoria in the market yet, though notes everyone expects the market to head higher. He pointed to 1987 as an example where the market traded at 27x earnings.
The gentlemen from Ruane Cunniff talked about their investment in Alphabet (GOOG) which they recently bought more or and it's now around 10% of their fund. They also touched on their thesis on Credit Acceptance Corp (CACC). (We recently posted Sequoia Fund's Q4 letter here.)
The issue also includes student investment pitches including long Staples 8.5 2025 unsecured notes, long FleetCor Technologies (FLT), and long First Data (FDC).
Embedded below is the Winter 2018 issue of CBS's Graham & Doddsville newsletter:
You can download a .pdf copy here.
