Value Investing with Legends - podcast cover

Value Investing with Legends

Columbia Business Schoolvalueinvestingwithlegends.com
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.
Last refreshed:
Follow this podcast in the Metacast mobile app to refresh it and see new episodes.
Download Metacast podcast app
Podcasts are better in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episodes

Matthew McLennan - The Power of Selectivity and Patience

Today's conversation is with Matthew McLennan, head of the Global Value team and a portfolio manager of the Global Value, International Value, US Value and Gold strategies at First Eagle Investment Management, where host Tano Santos also works as a Senior Advisor. Matt is interested in the field of education, and he is a trustee of the Trinity School in New York City. He serves as co-chair of the Board of Dean's Advisors of the Harvard School of Public Health and as a board member of the Univers...

Nov 29, 20191 hr 1 minSeason 2Ep. 5

Joel Greenblatt - Investing Off the Beaten Path

Today's conversation is with Joel Greenblatt, Founder and Managing Partner of Gotham Asset Management. Since founding Gotham in 1985, Joel and his partner Robert Goldstein have developed the firm into a large asset management company, well beyond the traditional hedge fund model and offering mutual fund products for the retail investor. Throughout his career, Joel has been a very successful adjunct professor here at Columbia Business School and has also published several successful books. Growin...

Nov 15, 201950 minSeason 2Ep. 4

Leon Cooperman - Looking For More For Less

of Omega Advisors. After getting his MBA from Columbia Business School, Leon joined Goldman Sachs as a Junior Analyst and ultimately built up Goldman Sachs' asset management division, GSAM. In 1991 Leon decided to follow his passion for money management and started his hedge fund, Omega Advisors, which became a family office in 2018. Leon is a member of The Giving Pledge and he takes great pleasure in giving back to those organizations and institutions that made a difference in his life. From hu...

Nov 01, 201947 minSeason 2Ep. 3

Ross Glotzbach - The Power and Strength of Experience

Today's conversation is with Ross Glotzbach, the CEO and Head of Research at one of the great names in value investing, Southeastern Asset Management, the firm founded by Mason Hawkins over 40 years ago. Ross is also the co-portfolio manager on Longleaf Partners, Small-Cap and Global Funds, as well as the Longleaf Partners Global UCITS Fund. Before joining Southeastern in 2004, he was a Corporate Finance Analyst at Stephens, Inc. after graduating from Princeton University. From a young age, Ross...

Oct 18, 201958 minSeason 2Ep. 2

Jenny Wallace - Identifying Value at the Summit

Today's conversation is with Jennifer Wallace, a wonderful expositor to the main ideas of value investing, but also a very deep thinker when it comes to the interaction of value investing and the market at large. Jenny is the co-founder of Summit Street Capital Management, where she is the portfolio manager of the US equity value fund. She's also a Columbian through and through as she holds a BA from Columbia College and an MBA from Columbia Business School. Jenny is a member of the advisory boa...

Oct 04, 20191 hr 21 minSeason 2Ep. 1

Connecting Theory and Practice Through The 5x5x5 Student Investment Fund

Today's conversation is with Tom Russo, the master of consumer brand investing, and two of our best students, Jeffrey Johnson and Michael Allison. We're talking about the 5x5x5 Student Investment Fund and having a deep discussion about some of the specific stocks in the portfolio. The concept for the 5x5x5 fund came out of Tom's concern that conventional investment funds for students offered limited learning potential due to their short-term nature and was made possible by a generous gift given ...

Jul 26, 201958 minSeason 1Ep. 7

Jean-Marie Eveillard - Taking a Top-Down Approach to Value Investing

Today's conversation is with international value investor, Jean-Marie Eveillard. As portfolio manager of the Société Générale International Fund, later becoming the First Eagle Global Fund, where he returned an annualized 15% for over 25 years. In 2001, Jean-Marie and co-manager Charles de Vaulx were named Morningstar International Stock Fund Managers of the Year and later in 2003, Jean-Marie was chosen as one of the two inaugural awardees of the Morningstar Fund Manager Lifetime Achievement Awa...

Jul 12, 20191 hr 1 minSeason 1Ep. 6

Christopher Davis - Investing with Curiosity

Today's conversation is with the Chairman of Davis Advisors, Christopher Davis. Christopher oversees approximately $30 billion of client assets worldwide. Christopher currently serves as CEO and Portfolio Manager and Davis Advisors continues to be recognized as a leading independent investment management firm and one which wholeheartedly embodies the basic principles of value investing. Christopher received an early education from his father and grandfather who shared their passion and enthusias...

Jun 28, 20191 hr 6 minSeason 1Ep. 5

David Abrams - Applying a Fundamental and Value-Oriented Approach to Investing

Today's conversation is with investor David Abrams, who was described by the Wall Street Journal as a "one man wealth machine." David is the CEO and Portfolio Manager of Abrams Capital, an investment firm that he founded in 1999. Abrams Capital is unlevered and long-term oriented and currently holds over $9 billion in assets under management. David is notoriously private and is not keen on interviews and appearances so I'm especially grateful to him for sharing with us today. After graduating wi...

Jun 14, 201953 minSeason 1Ep. 4

Michael Mauboussin - Overcoming Biases for Effective Decision-Making

Today's conversation is with one of the finest intellectual investors and academic at heart, Michael Mauboussin. Michael is the Director of Research at BlueMountain Capital Management in New York and was formerly the Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Management. While rising to the top in his corporate career, Michael authored three books, including my favorite, More Than You Know: Finding Financial Wisdom in Unconventional...

May 31, 201956 minSeason 1Ep. 3

Tom Russo - The All-Important Power of Consumer Brands

Today's conversation is with the master of consumer brand investing, Tom Russo. Tom is the Managing Member of Gardner Russo & Gardner LLC, Partner at Semper Vic partnerships, and he oversees more than $9 billion through separately managed accounts and Semper Vic partnerships. Tom is also a board member of the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School. Growing up in Janesville, Wisconsin, home of the Parker Pen Company, Tom saw first-hand the impressive pros...

May 17, 20191 hr 3 minSeason 1Ep. 2

Mario Gabelli - Welcome to Value Investing with Legends!

Today's conversation is with the legendary Mario Gabelli, the Chairman and Chief Executive Officer of GAMCO Investors, Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University's College of Business Administration, he also holds an M.B.A. from Columbia Business School, and honorary doctorates from Fordham University and Roger Williams University. Since starting his firm Mario has been called "a prophet in the wilderness" by Forbes and strongly believes that the sma...

Apr 16, 201947 minSeason 1Ep. 1
Hosted on Libsyn
For the best experience, listen in Metacast app for iOS or Android