The objective of the course is to present a rational disciplined investment philosophy and process for security analysis. The seminar will focus on melding theory and practice using investment examples across industries and geographies. Investing is as much art as it is science, and therefore, particular attention will be paid to both quantitative and qualitative aspects- including financial statement analysis, valuation methodologies, and competitive strategy and behavioral finance, respectively.
Current and past situations will be discussed in order to encompass a broad set of investment cases across varying economic environments and cycles. In addition, analysis of capital structure will be introduced as a valuable tool that informs the mosaic of investing and can help when allocating capital and managing risk.
Keith Luh is a portfolio manager and research analyst for Franklin Mutual Series specializing in distressed securities, merger and capital structure arbitrage, and event-driven situations. His research responsibilities also include coverage of certain equity sectors. Prior to joining Mutual Series, Mr. Luh was an analyst in global investment research at Putnam Investments, where he also helped manage a best-ideas research fund. Previously, he worked...