This course is designed to develop the approach to investments and security analysis pioneered by Benjamin Graham and David Dodd. The course details the comprehensive statistical evidence in favor of such an approach and the types of investments that are likely to be fruitful targets of a value approach. The course focuses on an approach to determining intrinsic values in practice that has the advantage of segregating valuation information by reliability level and using only the most reliable information as a basis for investment decisions in order to obtain a "margin of safety." The course consists of lectures and visiting speakers who are successful practicing value investors.
Professor Johnson, founded Nicusa Capital in January 2003. He uses his more than 20-years experience as a Securities Analyst and professor to manage his money and that of his investors for absolute capital appreciation.
Prior to founding Nicusa, Johnson was a Managing Director in the Equity Research Department of Robertson Stephens. Johnson has analyzed all sectors of the technology industry, ranging from...