Learning to Invest David Meier: Tell us a little bit about yourselves, how you got interested in investing, and when you realized that value investing was the right thing for you?
David Carr: I was fortunate to meet one of my former partners in high school. His uncle had been a classmate of Warren Buffett's at Columbia and studied under Benjamin Graham. So early on, he took us under his tutelage and began to teach us a bit about value investing. Fortunately, our first exposure was to Buffett and to thinking about investing in that format.
In the early years, we began to wonder if there was a magic formula somewhere and how it worked. Our dream was to one day manage money and to put into play some of the beliefs and theories that we had learned. Over time, we began to do that and eventually realized there wasn't a magic formula and instead concentrated on business models and companies. The rest is history.
