Ruane Cunniff Goldfarb's Sequoia Fund had its investor day earlier this summer and they finally released a transcript of the event.
In it, they talk about their big position in Valeant Pharmaceuticals (VRX) numerous times. Just keep in mind that since their investor day, Valeant has acquired Bausch & Lomb.
Sequoia Fund managers also talked about their investment thesis on World Fuel Services (INT), Ritchie Brothers (RBA), Sirona Dental Systems (SIRO), Google (GOOG), Rolls-Royce, Advance Auto Parts (AAP), O'Reilly (ORLY) and many other stocks.
Additionally, the portfolio managers talked about their investment process and how they value companies.
Embedded below is Sequoia Fund's annual investor day transcript. It's an in-depth read that we highly recommend:
You can download a .pdf copy here.
Friday, August 30, 2013
Sequoia Fund's Investor Day Transcript: Valeant Pharmaceuticals, Google, Sirona Dental Systems & More
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