Course Work

Value Based Research





Paul Johnson

Paul Johnson is the founder and investment manager of Nicusa Capital Partners*, a private investment partnership which he started in January 2003. Paul has more than 30 years of experience as an investment professional.

Paul has also been a Senior Advisor to Bowen Advisors since September 2012. Paul’s primary focus is to help Bowen Advisors offer strategic advisory and investment banking services to companies in digital media and related communications technologies.

Prior to founding Nicusa, Paul was a Managing Director in the Equity Research Department of Robertson Stephens. In his 20 years as a sell-side research analyst, Paul analyzed all sectors of the technology industry, ranging from semiconductors and mainframe computers to networking and telecom equipment. In addition, he has participated in more than 100 venture capital investments and investment banking transactions in his career.

As an Adjunct Professor of Finance at the Graduate School of Business, Columbia University, Paul has taught 28 courses since 1992 on securities analysis and value investing to more than 1,300 students.

He is co-author of the best-selling book "The Gorilla Game: Picking Winners in High Technology," which reached Business Week’s best seller list and which became the number one best-selling investment book on for several weeks in 1998. Paul was also a contributing annotator in 2012 to "The Most Important Thing Illuminated, by Howard Marks."

Paul has an MBA in Finance from the Executive Program at the Wharton School of the University of Pennsylvania and a B.A. in Economics from the University of California, Berkeley.


Paul gave an interview in the Spring 2011 Graham & Doddsville Newsletter published by The Heilbrunn Center for Graham & Dodd Investing at Columbia Business Sschool and an interview in the August 2011 Manual of Ideas Newsletter.


*Nicusa is named after Nicholas of Cusa, a fifteenth Century scholar and theologian who is considered by some historians to be the father of modern science. To quote author Paul Stratham, “Nicholas of Cusa operated in the real world of commerce and practical work, yet thought about philosophy.” -- Stratham, P., Mendeleyev’s Dream, (St. Martin’s Press, April 2001)


This page was last updated on 12/06/13.