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
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...