EXECUTIVE EDUCATION

Value Investing (Online)

Making Intelligent Investment Decisions

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Course Dates

STARTS ON

September 7, 2021

Course Duration

DURATION

2 months online
6-8 hours per week

Course Duration

Why Learn Value Investing Techniques?

Columbia Business School Executive Education'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:

Icons showcasing investing safely

Always invest with a margin of safety.

Icons showcasing relying on a system, not emotions, to drive decisions

Rely on a system, not emotions, to drive decisions.

Icons showcasing risk is not equal to reward but work is equal to return

Risk ≠ Reward
Work = Return

Find the opportunities that other investors miss because they’re too enamored with the glamor stocks.

Who Should Attend

Individual investors and portfolio managers will benefit from learning the value investing methodology, uncovering opportunities that others miss. But beyond that, the analytical approach teaches critical thinking about growth and profitability, which is valuable for all corporate decision makers.

Program Experience

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Bite-Sized Learning

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Real-World Example

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Case Studies

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Cohort-Based

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Grading & Evaluation

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On-Demand Video Lectures

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Application of Learning

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Capstone Project

Program Topics

Module 1:

Value Investing Framework

Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.

Module 2:

Earnings Power Value

The methodology to identify and buy securities priced well below their true value.

Module 3:

Strategic Analysis

Understanding the value of scale economies and barriers to entry.

Module 4:

Magna International Case Study

Valuation exercise for the automotive market in the aftermath of the financial crisis.

Module 5:

Growth and Value

Estimating future earnings and accounting for growth using Walmart as an example.

Module 6:

Amazon Case Study

Calculating the value of a high-growth company in dynamic industry segments.

Module 7:

Risk Management

Managing the risks of individual stocks and portfolios through proven financial and management strategies.

Module 8:

John Deere Case Study

Using the value investing approach to evaluate the attractiveness of John Deere.

Module 1:

Value Investing Framework

Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.

Module 5:

Growth and Value

Estimating future earnings and accounting for growth using Walmart as an example.

Module 2:

Earnings Power Value

The methodology to identify and buy securities priced well below their true value.

Module 6:

Amazon Case Study

Calculating the value of a high-growth company in dynamic industry segments.

Module 3:

Strategic Analysis

Understanding the value of scale economies and barriers to entry.

Module 7:

Risk Management

Managing the risks of individual stocks and portfolios through proven financial and management strategies.

Module 4:

Magna International Case Study

Valuation exercise for the automotive market in the aftermath of the financial crisis.

Module 8:

John Deere Case Study

Using the value investing approach to evaluate the attractiveness of John Deere.

For full details of the curriculum, please download the brochure.

Download Brochure

Case Studies

We apply concepts by valuing real companies through case studies from Walmart, Amazon, Intel, Nestlé, 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?

Walmart

How does Walmart’s expansion into China affect our valuation estimates?

How does one even approach the valuation of a market giant growing approximately 30 percent per year?

Amazon

How does one even approach the valuation of a market giant growing approximately 30 percent per year?

Does the shrinking market for personal computers spell trouble for Intel?

Intel

Does the shrinking market for personal computers spell trouble for Intel?

How can we find value in an industry in deep decline?

Magna International

How can we find value in an industry in deep decline?

When and how can an investor take advantage of a real estate bubble?

Ferrovial

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.

John Deere

Capstone case study that cultivates understanding by pulling all the pieces together.

What does it mean when a company has a higher Earning Power Value (EPV) than its Asset Value (AV)?

Hudson General

What does it mean when a company has a higher Earning Power Value (EPV) than its Asset Value (AV)?

How has Nestlé grown over the years — organically or via acquisitions?

Nestlé

How has Nestlé grown over the years — organically or via acquisitions?

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.

Participant Profile

On your journey to learning value investing principles with Columbia Business School Executive Education, you’ll be in good company. Past participants come from a wide range of industries, job functions, and management levels — from more than 40 countries around the world. This program teaches investors and corporate decision makers one of the most successful investment strategies ever developed.

Participants include both entrepreneurs and intrapreneurs, individual contributors, and cross-functional teams. Representative job functions and titles include:

  • CEOs & Managing Directors
  • CFOs
  • CIOs
  • Chairpersons
  • Financial Advisors
  • Financial Analysts
  • Full-time Investors
  • Fund Managers
  • Investment Directors
  • Investment Strategists
  • Portfolio Managers
  • Vice Presidents

Participants include employees from companies like:

  • Accenture
  • Bank of Tokyo and Mitsubishi
  • Credit Suisse
  • Dentsu
  • Deutsche Bank
  • Goldman Sachs
  • HSBC Private Banking
  • Ipsos
  • Johnson & Johnson
  • J.P. Morgan
  • KPMG
  • Merrill Lynch
  • Morgan Stanley
  • PayPal
  • Philip Morris International
  • Shell
  • Volkswagen
  • Wells Fargo

Participant Testimonials

"The program helped me understand a new way of viewing investing"

— Craig Kelley, Owner at KELLEY Investments USA

"The best part was the dialogue between classmates, myself, and the TA. Being able to get answers to long-held questions is a huge value-add."

— Britton Sorensen, Investment Analyst, Sparrow Fund Management, LLC USA

"The best part of the course for me was the diversity of cases discussed such as Walmart, Dollar General, Nestle, and Amazon."

— Kirit Modi, Managing Director, Horizon Packs, INDIA

"Best part of the program was that concepts were introduced with good examples and case studies. The pace was good and the teaching assistant was the best I have had."

— Chintan Desai, Deputy Director, NYC Department of Buildings USA

Program Faculty

Faculty Member Tano Santos

Tano Santos

David L. and Elsie M. Dodd Professor of Finance, Faculty Co-Director and Head of Research of the Heilbrunn Center for Graham & Dodd Investing

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.

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon completion of the program, participants will receive a certificate of participation from Columbia Business School Executive Education and two days toward a Certificate in Business Excellence.

Download Brochure

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.

Note: Information contained herein should not be considered professional financial investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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