One of the best resources for value investors are the Graham & Doddsville Newsletters. The G&D newsletter is an investment publication from Columbia Business School (CBS) full of value investing nuggets and is co-sponsored by the Heilbrunn Center for Graham & Dodd Investing and the Columbia Student Investment Management Association (CSIMA).
The most recent edition includes:
Kingston Capital Management – Michael Blitzer and Guy Shanon of Kingstown Capital Management discuss the benefit of longer time-horizons in special situation investing. They also share insights regarding complicated and overlooked situations, including international privatizations.
Ariel Investments – Rupal Bhansali of Ariel Investments shares her perspective on applying fundamental value investing to international opportunities. The CIO of International & Global Equities applies the lessons of Warren Buffett as well as George Soros, whose concept of reflexivity is critical for understanding financial crises.
ValorBridge Partners – Simeon Wallis of ValorBridge Partners discusses the unique opportunity to redeploy cash flows from the company’s primary portfolio company, ApolloMD, into public and private investments. This flexibility allows the organization to beneficially allocate capital to the most attractive opportunities and to share valuable insights across asset classes.
Mercator Fund – Jared Friedberg of Mercator shares how a family office can use its permanent capital to benefit from special situations and long-term compounders. Additionally, the company can creatively invest across the capital structure, to find value “obscured by complexity.”
Studness Capital Management – Charles Studness and Roy Studness of Studness Capital Management demonstrate the benefits of investing in negatively correlated industries: utilities and banks. The family of investors combine their industry specializations to invest opportunistically in these two domains.
Here’s the newsletter in its entirety. Note. If you click on the full-screen button at the bottom right of the newsletter, it is much easier to read:
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