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:
Always invest with a margin
Rely on a system, not emotions, to drive decisions.
Risk ≠ Reward
Work = Return
Find the opportunities that other investors miss because they’re too enamored with the glamor stocks.
"We emphasize a valuation approach that is very different that you can learn in other valuation courses. We complement the approaches with the study of 5-7 companies and we evaluate both the economies and the competitive positions the companies operate in."
Grading & Evaluation
On-Demand Video Lectures
Application of Learning
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.
Download the program brochure for a full participant profile.Download Brochure
"The program helped me understand a new way of viewing investing."
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."
Investment Analyst, Sparrow Fund Management,
"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,
"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
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 strategy ever developed.
Participants include both entrepreneurs and intrapreneurs, individual contributors, and cross-functional teams. Representative job functions and titles include:
Participants include employees from companies like:
Others* includes Advertising, Agriculture, Civil Construction, Ecommerce, Electronics & Hardware, FMCG, Human Resources, IT Products, Media, Telecommunications, and Tourism.
Others* includes Argentina, Belgium, Brazil, China, Colombia, Costa Rica, France, Germany, Greece, Ireland, Italy, Japan, Lebanon, Malaysia, Netherlands, Norway, Poland, Russia, Saudi Arabia, South Africa, Spain, Switzerland, and Taiwan.
Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.
The methodology to identify and buy securities priced well below their true value.
Understanding the value of scale economies and barriers to entry.
Valuation exercise for the automotive market in the aftermath of the financial crisis.
Estimating future earnings and accounting for growth using Walmart as an example.
Calculating the value of a high-growth company in dynamic industry segments.
Managing the risks of individual stocks and portfolios through proven financial and management strategies.
Using the value investing approach to evaluate the attractiveness of John Deere.
For full details of the curriculum, please download the brochure.Download Full Syllabus
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?
What does it mean when a company has a higher Earning Power Value (EPV) than its Asset Value (AV)?
Does the shrinking market for personal computers spell trouble for Intel?
How has Nestlé grown over the years — organically or via acquisitions?
How does one even approach the valuation of a market giant growing approximately 30 percent per year?
How can we find value in an industry in deep decline?
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
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.
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.
Upon completion of the program, participants will receive a certificate of participation from Columbia Business School Executive Education and one day towards a Certificate in Business Excellence.Learn more
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.