This class builds on Introduction to Value Investing with an emphasis on practical implication. Students will work in teams to find an appropriate investment idea, do thorough primary research, and deliver a pitch to a “portfolio manager.”
The class is integrated with The Pershing Square Value Investing and Philanthropy Challenge. This competition, begun in 2007, is offered to MBA students to signal the commitment of both Columbia and Pershing Square to produce talented and knowledgeable graduates who are ready to take on leadership roles as value investors. Finalists will be selected from amongst the class teams to present their ideas to senior value investors. Winning teams will receive a cash prize with a percentage of those winnings to be donated to a charity of their choice.
All student teams will pitch their ideas to investment professionals three times during the class. Feedback will be provided on the strength of the idea and the areas of further research required. The last segment of the class will include presentation skills, simulating the job of the analyst to convince a portfolio manager of the worthiness of an idea.
Teams will include three members. Where possible, each team will be led by a 2nd year student.
Adjunct Associate Professor of Business
Daniel Yarsky joined Moore Capital Management Credit Product Trading team as Director of Credit Research in October 2012. Prior to joining Moore, Mr. Yarsky spent nine years at Morgan Stanley working on the Special Situations Trading Desk as Executive Director and Head of Research for the Group. Prior to joining Morgan Stanley, he was a junior Portfolio Manager and Credit Analyst at Darmel Management LLC...