Dodd

Strategic Concepts & Mechanics

Strategic PatternPost-Crash Cash Surplus as Catalyst

Signature MoveSalesman's Letters to Build the War Chest

Signature MoveFour Sentences or Get Out

Signature MoveShadow Portfolio Scorekeeping

Capital StrategyFree Cash Flow as True North

Signature MoveHire Athletes With Ethics Not Just Analysts

Cornerstone MoveGraham-Dodd Deep Dig Then Global Macro Extraction

Cornerstone MoveStory Intact Then Double Down, Story Broken Then Walk Away

Operating PrincipleNo Market, Only Companies

Relationship LeverageTiger Cubs as Living Legacy

Decision FrameworkComplexity as Disqualifier

Primary Evidence

"Graham and Dodd wrote, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return." And while there are number of things one needs to look at when evaluating or researching a potential in- vestment, Graham outlines the following six items as essential factors to look at when analyzing a business: 1. Profitability 2. Stability 3. Growth in earnings"

Source:Julian Robertson - A Tiger in the Land of Bears and Bulls

"Graham and Dodd wrote, "Investing, like medicine, law and economics, lies somewhere between an art and a science." The discipline that is investing is backed up by the use of security analysis to develop and present important facts regarding po- tential investments. The idea is to gather information in order to determine intrinsic value and risk characteristics of a specific se- curity."

Source:Julian Robertson - A Tiger in the Land of Bears and Bulls

Appears In Volumes

Julian Robertson - A Tiger in the Land of Bears and Bulls