This class will introduce the principles of value investing. The first few sessions will focus on how to value a business and where to look for undervalued situations. The remaining classes will focus on particular applications of value investing. Topics discussed in class will include portfolio management, activism, spin-offs, behavioral finance, distressed investing, and private equity. A number of value investors will come address the class and discuss their own investment styles. If the schedule below changes based on the availability of these speakers, I will notify you well in advance.
Classes will take place on Wednesday evenings. Attendance will be checked. If you expect to miss more than one class or regularly not be able to attend the class from beginning to end, I strongly suggest that you do not enroll in this class.
Moreover, if you have already taken or are taking Professor Greenwald’s class on value investing, I strongly suggest that you do not take this class. There is significant overlap between our course materials (and in addition, the class times overlap on Thursdays).
Readings are required for every class. If you have not been able to read the assigned materials (which I expect should be an exceptional circumstance), please let me know at least 2 hours before class to avoid a possible cold call.
Adjunct Associate Professor of Business
Mr. Ajdler is a Managing Director of Crescendo Partners, a value-oriented activist investment firm based in New York. He is also a director and the secretary of Rhapsody Acquisition Corp., a special purpose acquisition company (SPAC) that went public in October 2006. In addition, he is a director of The Topps Company, a Nasdaq-listed marketer of entertainment products, and Hill International, a Nasdaq-listed construction management...