Educational Resources
Investor Letters
In each letter, the Investment Committee Chair discusses recent pitches, provides background on sales of assets, and reviews the status of all current holdings.
Past Letters:
2022-23 (Alex Prakash)
Full Year
2021-22 (Austin Wang)
Spring 2021 Fall 2021
2020-21 (Ricardo Mestre)
Spring 2020 Fall 2020 Winter 2021
2019-20 (David Ozen)
Spring 2019 Fall 2019 Winter 2020
2018-19 (Rishi Krishnan)
Spring 2018 Fall 2018 Winter 2019
2017-18 (Sid Jain)
Spring 2017 Fall 2017 Winter 2018
New Member Education Materials
We have included the fundamental new member education lecture slides we use to train our incoming analysts. Applicants are not expected to have studied any of the materials on this page.
NME Reading List
We also use content from the following books in our NME curriculum and highly recommend them to all student investors.
Valuation by McKinsey & Co.
Security Analysis by Benjamin Graham and David Dodd
Margin of Safety by Seth Klarman
The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
Competitive Strategy by Michael Porter
The Little Book of Valuation by Aswath Damodaran
“It’s far better to buy a wonderful company at a fair price,
than a fair company at a wonderful price.”