Value Investing

Date  
May 4–6, 2020 $7,500
Dec 14–16, 2020 $7,500
Questions? Contact Us:
Liz N. Schultz
Senior Associate Director, Learning Solutions
+1 212-854-7613
liz.schultz@gsb.columbia.edu


Location
Columbia University Campus
New York City 
Plan your stay

"If you don't believe in Value Investing, what do you believe in?"
– Warren Buffett '51

Faculty director Tano Santos introduces the program.

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.

Value Investing was developed in the 1920s at Columbia Business School by finance professors Benjamin Graham and David Dodd. The professors co-authored the classic text, Security Analysis (1934) and are regarded as the field’s pioneers. They continually revised their methodology and their courses. Columbia Business School graduate Warren Buffett, who learned from Ben Graham during his studies at Columbia, made his fortune using the principles of Graham and Dodd's Security Analysis.

With unmatched access to Wall Street, renowned finance and accounting divisions, and the resources of the Heilbrunn Center of Value Investing, Columbia Business School is the only school to offer this unparalleled program in investing.

Through this three-day Executive Education program, Value Investing is available in an open-enrollment, three-day format for working executives and investors. Participants learn at the birthplace of value investing from leading experts in the field.

You will learn how 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.

This program is also being offered in an online format delivered in collaboration with our partners Emeritus. Learn more about Value Investing (Online).

Please Contact Us

Please contact our Learning Solutions Specialists at +1 212-854-3395 for a personal conversation to learn more.

IMPACT

In just three 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

Warren Buffet on Value Investing


In honor of Columbia Business School's 100 year anniversary, the School's famous alum sat down with the dean to discuss the past, and future, of value investing.



Upon completion of this program, you will earn three days towards a Certificate with select alumni and tuition benefits. Learn more.

PROGRAM STRUCTURE

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.

PARTICIPANT PROFILE & 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 full-price Executive Education in-person programs lasting up to seven days and all full-price online programs. More on the Alumni Tuition Benefit.

Typical Participant Mix

Geographic Spread

Years of Management Experience

Job Function

Industry

 

Hear from Past Participants:

FACULTY

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

Tano Santos is one of Columbia Business School’s value investing experts. His research focuses on two distinct areas. A first interest is the field of asset pricing with a particular emphasis on theoretical and empirical models that can account for the predictability of returns, both in the time series and the cross section. A second interest of Professor Santos is applied economic theory, specifically, the economics of financial innovations as well as theory of organizations. Santos joined the Columbia Business School faculty in 2003.

What past Value Investing participants are saying about Professor Santos:
 

"Tano Santos was outstanding and very clear. Great presenter with a great sense of humor and terrific content.”
– Donald B. Craven, Attorney and Energy Consultant

* Program location may vary. While the majority of our programs run on campus, some programs may run off campus in New York City.