At the center of investing

Value investing is more than an investment strategy — it’s a fundamental way of thinking about finance. Our mission is to promote the study and practice of Graham & Dodd’s original investing principles; to improve investing with world-class education, research, and practitioner-academic dialogue; and to further Columbia Business School’s role as the leading resource for investment management professionals.

Learn more about the Heilbrunn Center>

Cutting-Edge Research

The Heilbrunn Center for Graham & Dodd Investing engages in rigorous analysis to identify anomalies in asset pricing. Research is focused at the intersection of microeconomics and behavioral finance.

Read more>

Real-World Decision-Making

Value investing electives are consistently among the most heavily enrolled and highly rated at the Columbia Business School. Building on the original principles developed by Graham and Dodd, each of these courses teach value investing methodology and present real-world investing decisions.

Our Courses> The Value Investing Program>

Gain An Entry-Point to Investing

Heilbrunn events can serve as an entry-point to the methodology of value investing, or — for the experienced value investor — an opportunity for further enrichment. In the past year alone, over 1,500 people have attended Heilbrunn-sponsored events.

See our upcoming events> Get Involved>

Leading Investment Theory

The Heilbrunn Center for Graham & Dodd Investing offers a robust collection of resources for both practitioners and academics who want to learn more about value investing.

Search our resources>


The 8th Annual Pershing Square Value Investing and Philanthropy Challenge

Congratulations to first place finalists Brendan Dawson '16, Patrick McDonald '16 & Moiz Valji '16.

Read more

CBS Students take home the second place prize at UCLA Anderson

James Bright '15, Alex Dergun '16, and Adam Kommel '16 place second at the Fink Center Stock Pitch Competition at UCLA Anderson with their Crocs, Inc. short and Alibaba Group Holding Limited long pitches.

Read more

2015 Amici Capital Prize Competition (formerly  the Moon Lee Prize)

Congratulations to winners Luke Tashie '15 and Brian Waterhouse '15.

Learn More About the Competition 

CBS Students pitch to first place finishes at Darden and UNC

Class of 2016 students Brendan Dawson, Aaron Purcell, and Sisy Wang impressed judges with their SolarCity short presentation taking home first place at the Darden @ Virginia Investing Challenge this November. The following week, first-year students Damian Creber, Kevin Lin, and Edward Reynolds traveled to the University of North Carolina where they pitched Cardtronics short and MRC Global long to take first place at the 10th Annual Alpha Challenge.

Read More

Heilbrunn Center announces the 5x5x5 Student Value Investment Fund

Columbia Business School's inaugural student-run Value Investing Fund was made possible by a generous gift from Thomas Russo of Gardner, Russo & Gardner LLC and his wife Georgina.

Read More

Interview with 2014 Ira Sohn Contest Winner Michael Guichon '15

Santangel's Review interviews 2014 Ira Sohn Contest Winner and current CBS student Michael Guichon '15 on his thesis for Fiat.

Read More  

Margaret Cannella '76 Speaks at High Yield Tutorial

Administrative Director of the Private Equity Program and Adjunct Professor speaks at tutorial on June 11, 2014.

Read More  

Interview with Warren Buffett MS '51

Louisa Serene Schneider '06 interviews Warren Buffett MS '51 on the legacy of Ben Graham.

Watch Now  

Graham and Doddsville Newsletter Spring 2014

The Spring 2014 edition of Graham and Doddsville is now available.

Download Now  

Pershing Square Value Investing and Philanthropy Challenge

Congratulations to winners: Matt Ford '15, Oystein Kvaerner '15, Brian Waterhouse '15 (1st Place) and Joseph Goldschmid '14, Allen Keel '14, Mahmud Riffat '14 (2nd Place)

Read News Story  

Value Investing Program Interview Sign-Up Update

There is an additional window for students to sign-up for a program interview.

Sign Up Update  

"From Graham to Buffett and Beyond" Omaha Dinner

This event is currently sold out. This is a professionals-only event.

Read More 

Value Investing Program Information Session

For those applying to the Value Investing Program for the 2014-15 academic year.

Read More 

Graham & Doddsville Newsletter Winter 2014

The Winter 2014 edition of Graham and Doddsville is now available.

Download Now 

17th Annual CSIMA Conference 

The Heilbrunn Center and CSIMA will host the 17th Annual Conference on Friday, Feb 7, 2014.

Read More 

5th Annual Moon Lee Prize Competition 

Congratulations to winners Patrick Stadelhofer '14 and Akhil Subramanian '14.

Learn More About the Competition 



Friday, October 9, 2015

25th Annual Graham & Dodd Breakfast

Friday, January 29, 2016

19th Annual CSIMA Conference



Mailing List

Learn more about Heilbrunn Center events and resources by joining our mailing list.


Our Courses

Heilbrunn Director Bruce Greenwald presents at Bayern LB in Munich, Germany, in 2008.

Review Our Courses>