Columbia Business School · Investment

Value Investing with Legends

Value investing is more than an investment strategy — it's a fundamental way of thinking about finance. Value investing was developed in the 1920s at Columbia Business School by professors Benjamin Graham and David Dodd, MS '21. The authors of the classic text, Security Analysis, Graham and Dodd were the very pioneers of their field and their security analysis principles provided the first rational basis for investment decisions. Despite the vast and volatile changes in the economy and securities markets during the last several decades, value investing has proven to be the most successful money management strategy ever developed. Value investors' success over the second half of the twentieth century proved not only the validity of the value approach, but its preeminence over even the most widely taught and practiced modern investment theory, which was developed in the 1950s and '60s and remains dominant even today. Our mission today is to promote the study and practice of Graham & Dodd's original investing principles and to improve investing with world-class education, research, and practitioner-academic dialogue. In this podcast you will hear from some of the world's greatest investors, their views on the investment management industry, how they developed their investment process and how they see the field changing over time.

Episodes

Jan Hummel - Deep Diligence at Paradigm Capital

17 May 2024

48m

Todd Combs - Charlie Munger's Legacy

03 May 2024

27m

AI processed

Charlie Munger’s legacy as the architect of Berkshire Hathaway rests on his pivotal influence in shifting Warren Buffett’s strategy toward purchasing high-quality, long-term compounding businesses rather than traditional "cigar-butt" value investments. Todd Combs, an investment officer at Berkshire Hathaway and CEO of ...

Markel Corporation CEO Tom Gayner details the company’s "three-engine" business model, which integrates specialty insurance underwriting, an embedded investment operation, and Markel Ventures—a division focused on acquiring controlling interests in private businesses. Success relies on maintaining an underwriting profi...

Scott Hendrickson - An Unmasking of Quality

17 Mar 2023

52m

Bill Nygren - Fundamental Investing From A Generalist's Perspective

03 Mar 2023

1h 5m

Angela Aldrich - Developing A Differentiated View

17 Feb 2023

1h 5m

Charley Ellis - The Evolution of the Asset Management Industry

03 Feb 2023

1h 15m

Felix Oberholzer-Gee - The Competitive Advantage of Value-Based Strategy

20 Jan 2023

1h 10m

AI processed

This podcast interviews Felix Oberholzer-Gee, a Harvard Business School professor, about his book "Better Simpler Strategy." The discussion centers on a value-based framework for strategic analysis, focusing on increasing customer willingness to pay and decreasing supplier/employee willingness to sell. Oberholzer-Gee...