07 Sep 2013 Mini White Paper: The Energy Sector ( Portfolio )
Energy, a critical input to the modern global economy, accounts for approximately 8% of world GDP. Energy prices have a large effect on economic activity, significantly impacting consumers, companies, and countries. We will discuss the application of Dodge & Cox’s long-standing investment philosophy in evaluating this vital sector of the global economy, the Energy positioning in the Dodge & Cox Equity Funds, and some broad industry trends that are influencing our individual security selection...