Graham And Doddsville

Morningstar recently posted a four-part interview with Bruce Greenwald, Columbia Business School Professor and Director of Research at First Eagle.

Investors are again being offered an extraordinary opportunity to put capital to work in high-quality companies at a good price, says Columbia professor Bruce Greenwald.

Click below to view the videos:

Part 1 – Greenwald:  Why First Eagle Favors Amex Over Citi

Part 2 – Greenwald:  The Most Extraordinary Thing About This Market

Part 3 – Greenwald:  Opportunity Even When the Market’s Not Cheap

Part 4 – Greenwald:  Wouldn’t Bite on Apple

(source: Morningstar.com)

(Update)

On April 23, 2010 Bloomberg TV convened a panel of top value investors at Columbia Business School to discuss the future of value investing.  Members of the panel, led by Bloomberg anchor Betty Liu, included Professor Bruce Greenwald (Columbia Business School Professor and Director of Research at First Eagle Funds), Robert Olstein (Chairman of Olstein Capital Management LP), Thomas Russo, (Partner at Gardner Russo & Gardner), and David Winters (CEO of Wintergreen Advisers LLC).

The 21 minute program is a must watch and is filled with gems of value investing wisdom.   You can watch the entire program here.

Columbia Business School’s blog post on the panel can be viewed here.

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

I recently discovered a great PBS Site for an NBR series called “Your Mind and Your Money.” I highly recommend taking some time to read and watch the interviews they have posted.  One interview in particular features Columbia Business School Professor and Legg Mason Chief Strategist Michael Mauboussin.

(You can view the transcript here.)

While it has been a while since I have posted a new entry, I continue to add interesting articles, websites, blogs, and other useful resources.

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)

Columbia Business School Alumnus and Applied Value Investing Professor Paul Sonkin, who runs Hummingbird Value Fund, is a well-known micro-cap investor.  He is not only a co-author (with Bruce Greenwald) of Value Investing: From Graham to Buffett and Beyond, but is also featured on pp. 276 – 291.   Thanks to GuruFocus.com, I just came across an interview of Professor Sonkin with Robert Lenzer of Forbes.com from August 2009.