Value Investing with Legends Podcast Por Columbia Business School capa

Value Investing with Legends

Value Investing with Legends

De: Columbia Business School
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 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.© 2019 Columbia Business School Economia Finanças Pessoais Gestão e Liderança
Episódios
  • Jenny Harrington - Dividend Investing, Risk Management, and Building Reliable Income Streams

    Jenny Harrington - Dividend Investing, Risk Management, and Building Reliable Income Streams
    Apr 17 2026

    In this episode, hosts Michael Mauboussin and Tano Santos speak with Jenny Harrington, CEO of Gilman Hill Asset Management, about her approach to dividend-focused investing. Jenny shares her journey from early internships to portfolio management and explains how her strategy targets steady income through high-quality dividend-paying companies. The discussion examines risk management through cash flow, valuation discipline, and behavioral considerations that influence investor outcomes. Jenny also outlines her screening process, portfolio construction, and how she evaluates dividend sustainability. The conversation touches on lessons from market cycles, the role of communication in investing, and how technological changes may shape future opportunities and risks and much more!



    Key Topics:

    ● Introduction to dividend investing and its role in total returns (0:00)

    ● Jenny Harrington's early career and path into portfolio management (3:05)

    ● Lessons from internships and exposure to market professionals (3:10)

    ● Experience at Goldman Sachs and insights from the dot-com bubble (10:03)

    ● Transition to Neuberger Berman and developing an income strategy (15:01)

    ● Philosophy of portfolio management and client-focused outcomes (16:45)

    ● Structure of the dividend income strategy and screening process (20:58)

    ● Differences between dividend income and dividend growth investing (27:30)

    ● Portfolio construction, position sizing, and diversification approach (36:25)

    ● Case study: Clorox investment thesis and valuation framework (40:03)

    ● Case study: Best Buy and identifying value through free cash flow (46:06)

    ● Impact of Columbia Business School on investment philosophy (49:48)

    ● Importance of communication and behavioral discipline in investing (54:47)

    ● Views on AI, job disruption, and future market implications (57:02)

    ● Book recommendations and information sources (59:06)

    ● And much more!

    Mentioned in this Episode:

    ● Gilman Hill Asset Management
    ● Goldman Sachs
    ● Neuberger Berman
    ● Columbia Business School
    ● CNBC
    ● Van Leeuwen Ice Cream
    ● Best Buy
    ● Clorox
    ● Kimberly-Clark
    ● IBM
    ● Hewlett Packard
    ● PayPal
    ● Poor Charlie's Almanack by Charles T. Munger
    ● Pioneering Portfolio Management by David Swensen
    ● Elon Musk by Walter Isaacson

    Thanks for Listening!

    Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu.

    Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!
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    1 hora e 2 minutos
  • Investing in the GCC: Private Equity Discipline in Public Markets

    Investing in the GCC: Private Equity Discipline in Public Markets
    Mar 13 2026
    In this episode, Tano Santos speaks with Samer Sarraf, Founding Partner and CIO of Amwal Capital Partners, about his journey from engineering and construction to Lehman Brothers and ultimately founding a public equities firm focused on the GCC. Samer reflects on lessons from the 2008 financial crisis, why private equity struggled in the region, and how his team applies a private equity mindset to public markets. The conversation examines regulatory change, market structure in Saudi and the UAE, concentrated investing, and a deep dive into Abu Dhabi Ports and much more! Key Topics: ●Samer's upbringing in Jordan and the role of education and entrepreneurship in his family (3:35) ● Studying civil engineering at McGill and early career in construction in Paris and Tahiti (9:46) ● Transition to Columbia Business School and pivot toward finance (16:16) ● Joining Lehman Brothers' real estate group and structuring CMBS transactions (17:57) ● Early signs of stress in credit markets ahead of the financial crisis (23:28) ● Moving from investment banking to private equity in the GCC (26:48) ● Why the private equity model struggled in the region (35:02) ● Founding Amwal Capital Partners and testing the strategy with personal capital (31:15) ● The structure and liquidity of GCC public markets, including Saudi Arabia and the UAE (37:24) ● Applying a "private equity DNA" approach to public equities (43:23) ● Using regulatory insight and on-the-ground research as a competitive edge (49:45) ● Portfolio construction and concentrated positioning in regional markets (55:18) ● Case study: Abu Dhabi Ports and the long-term logistics and industrialization thesis (56:27) ● And much more! Mentioned in this Episode: ● Amwal Capital Partners ● Lehman Brothers ● Abu Dhabi Ports ● Dubai Ports World ● McGill University ● Columbia Business School Thanks for Listening! Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu. Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!
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    1 hora e 16 minutos
  • Ricky Sandler - Investing Through Perception Shifts and Market Cycles

    Ricky Sandler - Investing Through Perception Shifts and Market Cycles
    Dec 19 2025
    Ricky Sandler, founder, CEO, and CIO of Eminence Capital, joins hosts Michael Mauboussin and Tano Santos to explore a dynamic career spanning over three decades in long-short investing. Starting with stories from his upbringing and early career, Ricky unpacks the foundations of his investment philosophy centered around "change in perception" — a framework shaped by evolving market structures and investor behavior. He shares insights from navigating the 1998 crisis, outlines the value of rigorous risk management, and explains how quality businesses combined with contrarian thinking create lasting opportunities. The conversation also delves into quant integration, thoughtful activism, the nuances of portfolio construction, and his reflections on AI, market structure, and societal risks — and much more! Key Topics: ● Ricky Sandler's upbringing, tennis, and early exposure to finance (0:00) ● The influence of competitive tennis on his investing mindset (3:58) ● Why he considered law before ultimately pursuing finance (5:55) ● Lessons from early roles at Mark Asset and Fusion Capital (7:30) ● Insights from the 1998 market crisis and developing better risk management (10:06) ● Defining 'change in perception' and its role in investment strategy (12:21) ● Understanding shifts in market behavior post-GFC (14:42) ● COVID-era investment case study: Red Rock Resorts (22:31) ● Portfolio construction principles and balancing risk/reward (27:56) ● Integrating quant and data science at Eminence Capital (33:44) ● Activism and engaged ownership strategies (36:34) ● Thoughts on AI, bubbles, and systemic market risks (38:36) ● Risk management and portfolio design in volatile environments (41:06) ● How Ricky trains his team to distill what matters in investing (42:39) ● AI's role in analyst work and future of research (44:27) ● Worries and hopes for the future: market structure, government debt, and optimism (46:39) ● Book and podcast recommendations (49:30) ● Closing remarks (51:02) ● And much more! Mentioned in this Episode: ● Eminence Capital ● Ashland Inc. ● Entain ● Red Rock Resorts ● Live Nation ● Meta ● Tesla ● Salesforce ● Zillow ● KKR ● Pluralsight ● Autodesk ● Men's Wearhouse ● Think Again by Adam Grant ● Grit by Angela Duckworth ● Teaming by Amy Edmondson ● Quit by Annie Duke ● Mindset by Carol Dweck ● Invisible Influence by Jonah Berger ● Lessons of the Titans by Tim Ferriss ● 1929 by Andrew Ross Sorkin Thanks for Listening! Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu. Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more! Apple Podcasts Google Podcasts Spotify Email Heilbrunn Center Instagram LinkedIn
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    56 minutos
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