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.
Adjunct Associate Professor
Ian McDonald has been an analyst and PM for 15 years and is currently a senior member of the investment staff at Hilltop Park, a NYC based hedge fund. Ian co-founded Tourmalet Advisors in 2009 and served as President and Director of Research, overseeing a team of analysts for the firm’s global long/short equity fund and co-managing a series of distressed residential mortgage...