An interesting post from Mebane Faber. From the introduction:
One of the turning points in my early career was taking a security analysis class taught by Tiger Cub John Griffin at UVa. There are some old posts in the archives on the topic, but needless to say it was a great experience for a bio-engineer and is part of the reason I moved away from the lab bench and towards quant investing (whether that was a net plus or minus to society TBD).
Anyways, I was cleaning out some old files and came across these notes from the class and thought I would repost them as they are a wonderful guide for a young analyst on how to think about investing in stocks.