September 27, 2018
2 months, online
6–8 hours per week
Columbia's two-month online program — Value Investing (Online): Making Intelligent Investment Decisions — teaches investors and corporate decision makers the most successful investment strategy ever developed. Investors like Warren Buffett and Mario Gabelli practice these timeless investing principles:
Always invest with a margin of safety.
Rely on a system, not emotions, to drive decisions.
Risk ≠ Reward
Work = Return
Find the opportunities that other investors miss because they’re too enamored with the glamour stocks.
Delivered via video lectures
Delivered through a combination of video and relevant case studies
Exercises designed to apply the concepts and tools of value investing
Using the value investing approach to evaluate the attractiveness of John Deere
We apply concepts by valuing real companies through case studies from Walmart, Amazon, Intel, Nestle, John Deere, and others. And we’ll tackle highly-debated topics like: When does growth create value? How can we measure competitive advantage? How should we value risk?
How does Walmart’s expansion into China affect our valuation estimates?
What does it mean when a company has a higher Earning Power Value (EPV) than its Asset Value (AV)?
Does the shrinking market for personal computers spell trouble for Intel?
How has Nestle grown over the years — organically or via acquisitions?
How does one even approach the valuation of a market giant growing approximately 30 percent per year?
How can we find value in an industry in deep decline?
When and how can an investor take advantage of a real estate bubble?
Capstone case study that cultivates understanding by pulling all the pieces together
Note: All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
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 an expert in value investing at Columbia Business School. 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.
Upon completion of the program, participants
will receive a certificate of completion from Columbia
Business School Executive Education and one day towards a
Certificate in Business Excellence.
Your verified digital certificate will be issued in your legal name and emailed to you, at no additional cost, upon completion of the program, as per the stipulated requirements. All certificate images are for illustrative purposes only and may be subject to change at the discretion of the Columbia Business School Executive Education.