My name is Abdallah Toutoungi. I am chief capital allocator of Cordoba Fund. Having lived on the bleeding edge of technology for many years, Warren and Charlie were a breath of fresh air and a reason to slow down and contemplate business and life. After leaving Microsoft, I set up a family and friends fund and have been enjoying the wisdom seeking journey and the deep intellectual content that intelligent investing brings to my life and others. Cordoba Introductory Letter
Our fund operates mainly on the premise that the stock markets can be exploited in the long-term by a patient and intelligent investor. Not only is this premise not new, but has also been touted for generations from Graham to Buffett to ‘The Super Investors of Graham-and-Doddsville’. Since the stock price of a business cannot be viewed independently from the underlying business, the stock price sometimes reflects the emotions of the market rather than the underlying value of the business. In our view, a patient and intelligent investor can take advantage of these bargain prices in the market until the market realizes and corrects its folly. Cordoba Fund – Investment Philosophy
My recent interview with John Mihaljevic.
John Mihaljevic, CFA, is author of The Manual of Ideas, the bestselling book on value investing. John is also founder of MOI Global, an invitation-only membership community of intelligent investors. It publishes the Manual of Ideas, “the very best investing newsletter” (Pabrai). John is also a managing director of ValueConferences, the series of fully online investment conferences for sophisticated investors. He has also served as managing partner of investment firm Mihaljevic Capital Management LLC since 2005. He is a member of Value Investors Club, an exclusive community of top money managers, and has won the club’s prize for best investment idea. John is a trained capital allocator, having studied under Yale University chief investment officer David Swensen, and served as research assistant to Nobel Laureate James Tobin. John holds a BA in economics, summa cum laude, from Yale and is a CFA charterholder.
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