Value Investing™

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.

You will learn 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.

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

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

Curriculum
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

Participant Profile
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.

Admissions Qualifications
Successful candidates should have managerial experience and responsibilities matching a program’s “Who Should Attend” or “Participant Profile” description. All registrations are subject to approval by Columbia Business School.