IMPACT

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

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 programs lasting up to seven days. More on the Alumni Tuition Benefit.

Typical Participant Mix

Hear from Past Participants:

Nawar Charkhi

Nawar Charkhi

Vice-President, J.P. Morgan

"Insightful and intelligent investment methodology. Professor Greenwald demystifies and deconstructs stock analysis into a simple and fruitful craft."

Value Investing: Participant Testimonial “Graham, Buffett and Greenwald”

Anson Zeall

Co-Founder, CoinPip

Anson Zeall talks about his motivation for enrolling in Value Investing at Columbia Business School Executive Education and his key takeaways from the program.

Andria Jokhtaberidze

Andria Jokhtaberidze

Consultant (M&A), Magticom

"Coming from a financial background, I have always admired the Graham/Buffet strategies of investing. As I am following the value investing approach for my investments, once I discovered the opportunity to attend Professor Greenwald’s (aka 'guru of all gurus at Wall Street') Value Investing program, I instantly jumped at the opportunity. Having read a plethora of books on value investing, including Professor Greenwald’s, I wanted to challenge and dig further into the concepts and expand my knowledge through discussions.

"All the concepts I learned during the program will be implemented during my investment analysis. The short-term program offered insights and discussions into strategies that will make tremendous difference in my valuations. To site a simple example, during a class, Professor Greenwald convinced the entire auditorium about an investment without even mentioning a simple number but by analyzing business as it stands on its own."

Francisco Errandonea

Francisco Errandonea

Head of Equities, Santander Corredores de Bolsa

"In just three days, I learned more on valuation than a couple of years in university, plus more than a decade of work experience."

Thomas Digenan

Thomas Digenan

Head of US Intrinsic Value Equity, UBS Global Asset Management

"Professor Greenwald communicates his investing genius in a clear analytical and very entertaining manner. This course should be required for all value investors."

Sheldon Goldman

Sheldon Goldman

CEO & CIO, S Goldman Advisors LLC

"Value Investing appeals – who doesn't want to buy $1.00 for $0.50? The trick is learning how to do this and acquiring tools for understanding the difference between "cheaper" and "cheap." Professor Greenwald has wisdom and infinite patience in sharing his tools with us."

Bruce Robertson

Bruce Robertson

Managing Director, JBWere

"This course is well worth the 20 hours of travel to get to New York from the New Zealand."

Value Investing: Participant Testimonial “Buying Businesses”

Robert Behar

CEO of North Cypress Medical Center

Robert Behar, CEO of North Cypress Medical Center, explains how he leverages Value Investing to not only improve his investment strategy but to also better value the companies he acquires.

Nawar Charkhi

Nawar Charkhi

Vice-President, J.P. Morgan

Value Investing: Participant Testimonial “Graham, Buffett and Greenwald”

Anson Zeall

Co-Founder, CoinPip

Andria Jokhtaberidze

Andria Jokhtaberidze

Consultant (M&A), Magticom

Francisco Errandonea

Francisco Errandonea

Head of Equities, Santander Corredores de Bolsa

Thomas Digenan

Thomas Digenan

Head of US Intrinsic Value Equity, UBS Global Asset Management

Sheldon Goldman

Sheldon Goldman

CEO & CIO, S Goldman Advisors LLC

Bruce Robertson

Bruce Robertson

Managing Director, JBWere

Value Investing: Participant Testimonial “Buying Businesses”

Robert Behar

CEO of North Cypress Medical Center

FACULTY

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

June Session:

Bruce Greenwald, Faculty Co-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.

What past Value Investing participants are saying:
 

"Professor Greenwald communicates his investing genius in a clear analytical and very entertaining manner."
– Thomas Digenan, Head of US Intrinsic Value Equity at UBS Global Asset Management

December Session:

Tano Santos, Faculty Co-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.

What past Value Investing participants are saying:
 

"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