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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: Prizes and scholarships for eligible Columbia Business School students; Recommended reading (including

articles, books, websites, and newsletters) for people interested in learning more about value investing; and Interview footage from prominent value investor Warren Buffett.

Prizes & Scholarships

The Heilbrunn Center offers prizes and scholarships to support aspiring value investors.

For more information or application instructions, please contact

Sonkin Family Prize

The Sonkin Family Prize for Value Investing recognizes outstanding achievement in value investing coursework and promise in the investing profession.

The award, endowed by Paul Sonkin ’95 and his wife, Stacey, is given annually to a full-time MBA student or group of students enrolled in the Value Investing/Value Investing with Legends. The recipient is chosen by the Sonkin Prize Committee, which is chaired by Bruce Greenwald.

Heilbrunn Fellowship and Scholarship Programs

The Heilbrunn Fellowship and Scholarship programs was established by Robert and Harriet Heilbrunn.

The fellowship and scholarship each are awarded to an outstanding student, with special consideration given to those with a background in securities analysis. The fellowship is a full-tuition merit award, and the scholarship is need-based.

For more information, please contact the Office of Student Affairs.

Moon Lee Prize

The Moon Lee Prize is given in memoriam of Moon Lee, a dedicated value investor with Porter Orlin, LLC.

Moon graduated magna cum laude from Harvard College and received his Master of Business Administration (MBA) from Harvard Business School. During his MBA studies, Moon received the prestigious Dean's award for co-founding a Junior Achievement mentoring program at a local public high school.

Moon worked at Porter Orlin from 2003 to 2008 and demonstrated a tireless ability to identify and analyze deep-value opportunities where few could see.

In his honor, his friends at Amici Capital, LLC initiated this competition for outstanding students in the Applied Value Investing (AVI) program.

The students compete for cash prizes of $15,000 and $5,000 and the submissions are judged on the quality of their research and the concise presentation of a strong investment thesis. Learn more about the Moon Lee Prize Competition.

Pershing Square Challenge

The Pershing Square [Philanthropic] Challenge marks the culmination of a three-month competition among roughly forty teams of first- and second-year Columbia Business School Students. Bill Ackman, founder and CEO of Pershing Square Capital Management LP, launched the challenge in 2008. The challenge is open to students who are enrolled in Applied Security Analysis.

After an initial round of eliminations, five final teams present at the Pershing Square Finals event, hosted by Bill Ackman. A panel of judges then selects the winning teams, which receive a financial prize from Pershing Square.  In maintaining the original goal of educating students who are ready to take on leadership roles as value investors, students shall decide the amount of the prize that they wish to keep and the amount that they wish to donate to a charitable organization.

Learn more about the Pershing Square Challenge.


Our Courses

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

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