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Value Investing

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

Overview

Based on the Ben Graham or Warren Buffett approach to allocating capital, this exclusive program will teach the frameworks and processes of investing that some of the most successful investors in the world employ to manage and preserve capital.

You will learn to use quantitative valuation techniques, such as arbitrage, asset-based approaches and the earning power method, and you will effectively combine those tools with strategic methodologies for estimating franchise value. Three real-world case studies enable more precise estimation of investment risk and improve your ability to manage a value portfolio.

For a complete program schedule download the agenda.

Please Contact Us

Please contact our Learning Solutions Specialists at 212-854-3395 for a personal conversation to learn more.

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

Benefits

In just two days, participants in Value Investing are exposed to detailed discussion and analysis of value investing principles and practices, taught by leaders in the field:

  • Learn a method of fully exploiting available data for making investments
  • Develop a process for systematic valuation
  • Strengthen your ability to evaluate growth and risk

"The course was enlightening, educational, and fun. The professors are excellent. Clearly experts in the field and articulate as well."
—Senior VP, Marketing, Brandes Investment Partners & Co.

Upon completion of this program, you will earn three days towards a Certificate in Business Excellence. Learn more.

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

Curriculum

Readings and case studies are sent prior to the program to help facilitate the lecture and discussion.

Day One provides an extensive introduction to value investing, including:

  • Approaches to investing
  • Value investing principles and premises
  • Stock market trends
  • Investment search criteria
  • The value investing process, a framework
  • Institutional and individual biases related to investing Value investing in practice

Day Two continues on the base created on Day One and offers information on:

  • Competitive advantage and strategic issues
  • Defining a moat Understanding a defensible brand/moat
  • The evaluation of growth in the context of value investing
  • Identifying 'valuable' growth
  • Comparing market value to intrinsic value

Day Three builds on the previous days and introduces:

  • Risk management in the value process
  • Value Investing; an international example
  • Basic elements of value

For a complete program schedule download the agenda.

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

Audience & Testimonials

Value Investing is appropriate for executives at all levels who want to refine their understanding of value-based investing principles for professional and personal use.

Alumni and up to four of their colleagues are eligible for a 25 percent tuition benefit for programs lasting up to seven days. More on the Alumni Tuition Benefit.

 
What recent participants say about Value Investing:

"I attended the Value Investing program run by Bruce Greenwald. My investing skills and investment returns have improved enormously since attending his course. In 6 months I have made 200% on one stock and more than 50% on a dozen others. Losses have been minimal. My professional network, reputation and personal brand has increased out of sight."  – Anonymous

"The Value Investing Course is excellent at providing alternate methods of finding and analyzing investment opportunities. The case studies are relevant. Bruce's experience provides great insight to the world of investing."  – Chris Barnard, Executive Director

"This was an invaluable experience. It allowed me to think carefully and from a distance at how we invest. Very challenging and thought-provoking."  – Stuart Mitchell, Founder, S W Mitchell Capital

"Professor Greenwald is a globally recognized and regarded practitioner in his field – it is easy to see why! Excellent practical life experience and theoretical foundations provided."  – George Gabriel, Senior Equities Research Analyst, Partner, Evans and Partners

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

Faculty

Professor Greenwald leads the June session and Professor Santos leads the December session of Value Investing.

June Session:

Bruce Greenwald, Co-Faculty Director
Robert Heilbrunn Professor of Finance and Asset Management
Faculty Director of the Heilbrunn Center for Graham & Dodd Investing

Bruce Greenwald, described by the New York Times as "a guru to Wall Street's gurus," is an authority on value investing with additional expertise in productivity and the economics of information. Greenwald has received numerous teaching awards, including the Columbia University Presidential Teaching Award, honoring the best of Columbia's teachers who maintain the University's longstanding reputation for educational excellence. Some of his book publications include:

The Curse of the Mogul: What's Wrong with the World's Leading Media Companies (2009)
Authors: Jonathan Knee, Bruce Greenwald, Ava Seave

Competition Demystified: A Radically Simplified Approach to Business Strategy (2005)
Authors: Bruce Greenwald, Judd Kahn

Towards a New Paradigm in Monetary Economics (2003)
Authors: Joseph Stiglitz, Bruce Greenwald

Value Investing: From Graham to Buffett and Beyond (2001)
Authors: Bruce Greenwald, Michael Van Biema, Judd Kahn
 

December Session:

Tano Santos, Co-Faculty Director
Faculty co-director and head of research of the Heilbrunn Center for Graham & Dodd Investing
David L. and Elise M. Dodd Professor of Finance

Tano Santos is one of Columbia Business School’s value investing experts. His current research focuses on two distinct areas: asset pricing, with an emphasis on theoretical and empirical models that can account for the predictability of returns; and applied economic theory, specifically, the economics of financial innovations as well as theory of organizations. Santos joined the Columbia Business School faculty in 2003. Some of his published journal articles include:

Outside and Inside Liquidity In The Quarterly Journal of Economics (2011)
Authors: Patrick Bolton, Tano Santos, José Scheinkman

Habit Formation, the Cross Section of Stock Returns and the Cash-Flow Risk Puzzle In Journal of Financial Economics (2010)
Authors: Tano Santos, Pietro Veronesi

Market and Public Liquidity In American Economic Review (2009)
Authors: Patrick Bolton, Tano Santos, José Scheinkman

 

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

Related Programs

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  • Family Wealth Management
    Developed for those with portfolios that exceed $20 million in investible assets and provides substantive training on evaluating and making wealth management decisions.
     
  • Finance and Accounting for the Nonfinancial Executive
    This program utilizes hands-on workshops, discussions and case studies to deepen participants' understanding of finance and accounting for better management and decision-making capabilities.
     

Program Details

Upcoming Sessions

June 23-25, 2015
December 8-10, 2015

Location:
New York City

Tuition:
$6,850 (2014)
$6,950 (2015)

Includes materials and some meals. Plan your stay.

Terms and Conditions

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Earn Your Certificate

The Certificate in Business Excellence (CIBE) is awarded to participants who complete a total of 18 program days within a four-year period.

Learn more about the benefits of earning a CIBE.