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Finance B9301- 66. Advanced Seminar in Value Investing Professor Paul Johnson Columbia Business School is the academic home of Benjamin Graham and the birthplace of “securities analysis,” and, in particular, “value investing.” Ben Graham, with the help of David Dodd, taught Value Investing at Columbia from 1928 to 1956. Roger Murray, following in Ben’s footsteps, taught the class until 1977. Notable graduates of the program include Warren Buffett, Mario Gabelli, Leon Cooperman, Chuck Royce, Paul Sonkin and William von Mueffling. After having been omitted from the curriculum for more than 15 years, Value Investing is now entering the eleventh year of its renaissance at CBS. Although developments in academic finance in the 1960s and 1970s led to an emphasis in the curriculum on efficient market theory, recent academic research has eroded confidence in this hypothesis; these new insights support many of the original tenets of the Graham and Dodd approach to investing. The course extends the core finance curriculum to include the value approach to company evaluation and investing.
This page was last updated on 02/28/06.
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