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.
Latest episodes
58 snips
Jul 12, 2024 • 37min
Phil Ruvinsky - Sustainable Competitive Advantages in Technology
Guest Phil Ruvinsky from BlackRock shares insights on sustainable competitive advantages in technology, AI's impact on the competitive landscape, and portfolio construction. Topics include evaluation of management, return on invested capital analysis, and future of active management in indexed market.
Jun 28, 2024 • 1h 1min
Anu Bradford - EU Influence, Big Tech Challenges, and the Future of Digital Governance
Anu Bradford, expert in international economic law, discusses EU tech regulations impacting global markets. Highlights include challenges in tech regulation in EU, US, China, data security influence, and future tech governance trajectory.
153 snips
Jun 14, 2024 • 1h 4min
Jonathan Knee - The Platform Delusion and the Intricacies of Digital and Analog Platforms
Jonathan Knee, a distinguished advisor at Evercore Partners and Professor at Columbia Business School, discusses the nuances of digital and analog platforms, network effects in tech giants like Meta and Google, strategic decisions of Apple, and the impact of generative AI on future market trends.
71 snips
May 31, 2024 • 46min
James Bessen - Understanding the Tech Paradigm
James Bessen, Executive Director of the Technology and Policy Research Initiative at Boston University, discusses the impact of proprietary software on industry disruption and the shift from mass production to mass customization. The conversation delves into the challenges and opportunities in the digital age, reflecting on the future of value investing in a tech-dominated world.
21 snips
May 17, 2024 • 49min
Jan Hummel - Deep Diligence at Paradigm Capital
Jan Hummel, CIO of Paradigm Capital, shares insights on risk management and investment strategies in the European asset landscape. Topics include selective investment criteria, geographical focus, portfolio construction, valuation techniques, and macro-economic factors influencing market conditions.
58 snips
May 3, 2024 • 27min
Todd Combs - Charlie Munger's Legacy
Todd Combs, an investment officer at Berkshire Hathaway and close acquaintance of Munger, shares personal anecdotes and insights into Munger's influence on value investing and rational thinking. Topics include Munger's approach to life and investing, behavioral economics insights, practical applications of his wisdom, and his lasting impact on business and investing.
13 snips
Dec 29, 2023 • 1h 3min
Kim Lew - The Dynamics of Risk Management and Asset Allocation
Kim Lew, President and CEO of the Columbia Investment Management Company, shares insights on risk management, asset allocation, and aligning endowment goals with university values. She discusses the challenges of managing a larger endowment, the concept of future-proofing investment strategies, and the importance of intellectual curiosity in the investment industry. The podcast also explores the dynamics and implications of technology and AI, highlighting responsible technology use and risk management.
7 snips
Dec 15, 2023 • 52min
John Armitage - Navigating Macroeconomic Shifts
John Armitage, seasoned investment maestro and chief strategist behind Egerton Capital, shares his insights on navigating portfolio management, macroeconomic shifts, and the pitfalls of stock picking. He discusses passive investing, competitive dynamics in European aviation, the transformative impact of a growing talent pool, and the ethical crossroads of AI. Armitage also delves into Egerton Capital's focus on growth, governance, quality, and his literary influences on investment philosophy.
105 snips
Nov 24, 2023 • 45min
Nicolai Tangen - Decision-Making and Intuition in Investing
Nicolai Tangen, CEO of Norges Bank Investment Management, discusses his journey from art student to leading a prominent investment fund and the role of historical context in risk appetite. He also explores the implications of AI on future investment strategies and the value of contrarian thinking in a changing market.
17 snips
Nov 10, 2023 • 1h
John Rogers - The Power of Patience
John Rogers, successful investor and industry titan, discusses his formative experiences, his investment philosophy focused on patience and long-term thinking, and his roles on corporate boards where he emphasizes the importance of diversity and equal opportunities for minority businesses.
