EXECUTIVE EDUCATION

Investment Strategies (Online)

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Course Dates

STARTS ON

August 25, 2021

Course Duration

DURATION

10 weeks
4–6 hours per week

Course Duration

Why Study Investment Strategies?

Having the tools and knowledge to develop smart investment strategies has perhaps never been more critical than in our current global climate. You need a solid understanding of the way markets work combined with cutting-edge analytical skills and advanced quantitative tools that can guide your stock selections and active portfolio management through uncertainty and into the future.

As a participant in the Investment Strategies (Online) program, you’ll get an introduction to the fundamentals of active investing as well as an incisive overview of capital markets and modern risk management. And you can put your knowledge into practice immediately.

Key Takeaways

Succeeding in active investing requires knowledge of the markets, confidence in crunching the numbers, and skill in analyzing and managing your investment instruments and risks. In this program, you will:

  • Analyze the performance of actively managed investment products
  • Discuss the underlying empirical evidence that informs investment decisions
  • Understand the theoretical foundation of active investment management
  • Apply modern risk management and analytical theory to stock selection

Who Should Attend

Investment Strategies (Online) is ideal for financial professionals seeking to advance their competencies, entrepreneurs looking for a deeper understanding of investment management, and individual investors pursuing advanced skills. Participants may include professionals with the following titles:

  • Investment bankers
  • Asset and portfolio managers
  • Risk managers
  • Financial advisors
  • Financial planners
  • Investment strategists
  • Wealth advisors
  • Investment and fund management executives
  • Traders
  • High net-worth individuals
  • Entrepreneurs

Program Experience

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Bite-Sized Learning

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Real-World Applications

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Case Studies

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Cohort-Based

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On-Demand Video Lectures

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Live Office Hours with Program Leader

Program Topics

Week 1:

Introduction to Capital Markets

Describe the difference between a stock and a bond and articulate the role assets, liabilities, and the corporate balance sheet play in the stock market.

Week 2:

Major Asset Classes

Identify the major assets classes (government bond, stocks, etc.) and meaningful financial data using specific online resources, and be able to use that data to calculate informative economic indicators.

Week 3:

Risk and Investing

Measure standard deviation in multiple financial scenarios, define a drawdown, and identify a Sharpe ratio and discuss its impact in the asset management industry.

Week 4:

Active Management

Identify values for each piece of the Capital Asset Pricing Model or CAPM equation and then, using available financial data, solve the equation using these values.

Week 5:

Market Risk Premium Part I

Discuss the attractiveness of a stock in terms of an investment considering discount rates and growth rate of future dividends.

Week 6:

Market Risk Premium Part II

Calculate the implied CAPE ratio at different levels of interest rates and analyze the CAPE ratio today as a way to estimate future stock returns.

Week 7:

Patterns in Stock Returns I

Identify value and growth stocks and be able to articulate the current relevance of the value effect and your beliefs about whether or not is it still a useful tool in evaluating stock returns.

Week 8:

Patterns in Stock Returns II

Discuss your thesis on what makes a good stock selection, making sure to build in the discipline of paying attention to historical stock regularities.

Week 9:

Portfolio Considerations

Discuss and show on a graph the ability to adjust the risk and achievable return of two securities and articulate which investment points on the graph would lead to a strong or weak portfolio.

Week 1:

Introduction to Capital Markets

Describe the difference between a stock and a bond and articulate the role assets, liabilities, and the corporate balance sheet play in the stock market.

Week 6:

Market Risk Premium Part II

Calculate the implied CAPE ratio at different levels of interest rates and analyze the CAPE ratio today as a way to estimate future stock returns.

Week 2:

Major Asset Classes

Identify the major assets classes (government bond, stocks, etc.) and meaningful financial data using specific online resources, and be able to use that data to calculate informative economic indicators.

Week 7:

Patterns in Stock Returns I

Identify value and growth stocks and be able to articulate the current relevance of the value effect and your beliefs about whether or not is it still a useful tool in evaluating stock returns.

Week 3:

Risk and Investing

Measure standard deviation in multiple financial scenarios, define a drawdown, and identify a Sharpe ratio and discuss its impact in the asset management industry.

Week 8:

Patterns in Stock Returns II

Discuss your thesis on what makes a good stock selection, making sure to build in the discipline of paying attention to historical stock regularities.

Week 4:

Active Management

Identify values for each piece of the Capital Asset Pricing Model or CAPM equation and then, using available financial data, solve the equation using these values.

Week 9:

Portfolio Considerations

Discuss and show on a graph the ability to adjust the risk and achievable return of two securities and articulate which investment points on the graph would lead to a strong or weak portfolio.

Week 5:

Market Risk Premium Part I

Discuss the attractiveness of a stock in terms of an investment considering discount rates and growth rate of future dividends.

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Case Studies

Expand your knowledge of active investment management with case studies on the following topics:

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Introduction to Short Selling

Get a primer on the market for securities' lending of equities in the US, including the basic market structure and descriptions of the relevant market participants as well as a survey of the current academic literature on the relationship between short selling and securities' prices.

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Beta Estimating

Use the simple linear regression model to calculate a stock's beta and learn the difference between systematic and unsystematic risk and between R-squared and the standard deviation of residuals as measures of forecasting uncertainty.

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Measuring Investment Performance

Examine different approaches to measuring investment performance, including risk exposure and the Sharpe and Information Ratios and apply them to a variety of mutual funds to observe their effects.

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Estimating the Equity Risk Premium

Learn why the equity risk premium is a critical input in most financial models, what its purpose is, and learn three ways in which analysts attempt to determine it.

Program Faculty

Faculty Member Harry Mamaysky

Harry Mamaysky

Professor of Professional Practice, Columbia Business School

Mamaysky teaches capital markets and asset pricing to MBA, Masters, and PhD students as well as Executive Education programs on the use of text data in finance and on corporate bonds... More info

Certificate

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Certificate

Upon completion of the program, you will receive a certificate of participation from Columbia Business School Executive Education. The learnings serve as a powerful credential in supporting your management capabilities.

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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.

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