Graham And Doddsville

Columbia Business School Professor Bruce Greenwald will be featured in a Bloomberg TV special “Buffett and Beyond: The Future of Value Investing” on Friday, April 23rd at 7 pm EST.

Link to Bloomberg TV

Each year, approximately 20 Columbia MBA students are accepted into a semester long seminar called: Advanced Investment Research – The Analyst’s Edge.  The Class was developed and is taught by John Griffin and David Greenspan (MBA ’00) of  Blue Ridge Capital.  I can honestly say that spending a semester in this class, which was visited by David Einhorn, Bill Ackman, and Ian McKinnon, among others, created an experience that would be quite difficult to match.

Our final stock pitch was delivered in the boardroom of Tiger Management to legendary hedge fund manager, Julian Robertson.  This was just another of the many once-in-a-lifetime experiences provided by Columbia Business School and The Heilbrunn Center for Graham and Dodd Investing.

Below is a 1998 interview of Julian Robertson by Charlie Rose:

(Hat Tip to MarketFolly.com)

If you missed the town hall meeting at Columbia Business School with Warren Buffett (’51) and Bill Gates last night, make sure to catch a replay on CNBC.  Otherwise, you can read a copy of the transcript here.

While on campus, CNBC’s Becky Quick also interviewed Professor Bruce Greenwald, “the guru to Wall Street’s gurus”, on value investing.

News from Columbia Business School:

…tomorrow Columbia Business School will host businessmen and philanthropists Warren Buffett, MS ’51, and Bill Gates as part of our practice of bringing influential business leaders to campus to share their insights. The event promises to be lively, with students able to ask questions on these icons’ ventures, philosophies and views on business. The exchange will be filmed by CNBC for global broadcast under the title “Warren Buffett and Bill Gates: Keeping America Great.”  In the United States it will air on Thursday, November 12 at 9 p.m. ET; in Asia on November 13 at 1200 SIN/HK; and in Europe on November 15 at 13.00 CET.

Be sure to tune in!

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Next, I added two articles under Professor Bruce Greenwald.  The first article is a recent interview from Advisor Perspectives titled “Bruce Greenwald on Structural Problems in the Economy and Unemployment.” The second is an older article from Columbia Business School Alumni Magazine, Hermes,  titled “The Good Life:  How Managers Made the Modern World.”

Professor Greenwald was recently interviewed on FT.com by a former student.

The first part of the interview covers topics including Benjamin Graham’s relevance today, behavioral finance, cheap and ugly stocks, and sustainable franchises.  Click here to watch part 1 of the video.

The second part of the interview covers topics including short selling, Fannie Mae and Freddie Mac, value traps, and earnings power value.  Click here to watch part 2 of the video.

For more on Professor Bruce Greenwald, see the “SuperInvestor Resources” page. Also, check out this interview with Mohnish Pabrai who shares Professor Greenwald’s view on short selling.

The latest issue of Graham and Doddsville was released this morning.  The newsletter is excellent and just keeps getting better with each new issue.  How high can the bar go?

This edition features Howard Marks of Oaktree Capital, David Samra of Artisan Partners, and Kevin Dreyer of GAMCO.  You will also find investment write-ups on Amedisys Home Health Services (AMED) and Care Investment Trust (CRE).

Also, check out the newsletter archive here.  I sure miss my days as editor of the newsletter.  Keep up the great work CBS!