combination of lectures, financial modeling, individual assignments and a final
group presentation, the course teaches the approach to investing and security
analysis pioneered by Benjamin Graham and David Dodd. The course will presents
a method of determining intrinsic value based on fundamental research and
focuses on the types of investments that are likely to be fruitful targets of a
value approach. Key topics covered are: intrinsic value; competitive advantage
and capital allocation; security analysis and research techniques; valuation and
risk; search, portfolio construction, and risk management; and, decision making
Professor Johnson runs Nicusa Investment Advisors, an advisory firm focused on helping CEOs and Boards of Directors deal with strategy, capital allocation, shareholder value creation, and corporate governance. Johnson applies his 30 years of experience as an investment professional, combined with his more than 20 years as a business school professor, to help senior managers sort through these critical strategic issues.
Johnson is an...