“Any time you look at an investment, you want to look at what percentage of its market it has and how big it can get.” ―Rory Priday
Sequoia Fund Investor Day Transcript 2015 (Ruane Cunniff & Goldfarb)
The transcript lays out the Q&A session where Sequoia Fund’s investment management team discusses their thesis and outlook on numerous portfolio companies, including Valeant, Google, Mohawk, Idexx, Fastenal, Rolls Royce, TJX, O’Reilly, and many more.
While you read it, think about how each person in the investment team thinks about the companies and how their reasoning goes about why a business is good or not, and what kind of things they focus on in coming up with an investment thesis.
At the end of the second quarter, Sequoia Fund’s top holdings were:
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company or individual mentioned in this article. I have no positions in any stocks mentioned.