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SEMINAR ON VALUE INVESTING AND THE SEARCH FOR VALUE
 

About the Seminar

Competition for portfolio management jobs and alpha (i.e., risk-adjusted excess returns) is fierce

Search for value and valuation skills and a deep understanding of what creates value are essential

The seminar provides the skill set and an understanding of value necessary to beat the competition

This is done by bridging the gap between theory and practice and hands on training



Seminar Description

The seminar explores the underlying principles of value investing and sets guidelines for its successful application

The seminar covers

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The search for value process, how to find possibly underpriced securities and why such underpricing exists in the financial markets

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How to determine the intrinsic value of a stock and invest in truly undervalued stocks

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Alternative methods for constructing a portfolio that controls for risk without restricting investment returns

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Applications - Valuing and investing in real life companies



Students Learn

Simple rules to identify stocks that are possibly undervalued with upside potential

To put together simple mechanical strategies to form portfolios that in the long run will outperform the market portfolio

How value is created

In depth valuation techniques to further narrow down the universe of stocks to those that are truly undervalued with larger upside potential than the stocks identified with the simpler rules mentioned above

To use the concept of “Margin of Safety” to translate market and intrinsic value estimates into actual portfolio choices and limit risk in a way that goes beyond diversification



Seminar Structure

The seminar, which spans five days (and 35 contact hours), consists of two segments

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The first segment is based on lectures, where the principles underlying the theoretical aspects of value investing are taught

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The second segment provides an opportunity to apply these principles by working on, discussing and demonstrating their application through a number of valuations of real life companies

Break out groups of students work on each valuation exercise during class time for about an hour and a half

The class reconvenes for another hour and a half at which time the valuation of each company is discussed and a recommendation of “Invest” or “Not Invest” is made



Who Should Attend

Undergraduate and Graduate Business Students

Portfolio Managers

Finance Professionals

Finance Executives

Individual Investors*

*Please note: Having a basic knowledge in finance and accounting is strongly recommended. A one day tutorial to build the necessary prerequisite knowledge is offered prior to the seminar. Contact us at cavieinfo@valueinvestingeducation.com for more information.



Program Leader

Dr. George Athanassakos

Professor Athanassakos is a Professor of Finance and the Ben Graham Chair in Value Investing at the Richard Ivey School of Business, The University of Western Ontario

He has been ranked among the top 10 researchers in Canada and among the top 10 Canadian  professors

He has researched extensively the Canadian Capital Markets, Stock and Bond Market Anomalies, and Bond and Equity Valuation Issues both from a Traditional Valuation and Value Investing point of view

He is the author of numerous academic research papers and of two books, Derivatives Fundamentals and Equity Valuation

He has offered valuation seminars to Canadian and US valuator societies  and in Australia, Chile, Colombia, Cyprus, Denmark, France, Finland, Greece, Italy, South Africa and the UK

He is recipient of teaching awards - his teaching ratings are among the highest given at the University, irrespective of whether the seminars taught were in Canada or abroad

A Globe and Mail article entitled “Face time with the stars: High-profile names help business schools attract the brightest students” indicates that Dr. George Athanassakos is a draw for students at the Richard Ivey School of Business and includes him in the club of Canadian superstar teachers

Click here to read a research paper by Dr. George Athanassakos that details the performance of the investing decision process taught in the Value Investing Seminar



Seminar Date

The seminar is full and registration is now closed. Details about the 2018 seminar will be available in September.


Seminar Location

Downtown Toronto, Ontario.

 

Guest Speaker

Mr. Josh Tarasoff, General Partner, Greenlea Lane Capital Partners, LP, will be a guest speaker on July 21.

 

Testimonials

"The value investing program that George established and teaches at the Ivey School of Business for the last 5 years is #1 in Canada and at par with Columbia's program which has been in operation for over 70 years. It took us and Ivey some time to fill this position as we wanted to find the right professor with a value perspective, a professor like George, and boy did we luck out with George. He is a fabulous professor and has done an outstanding job teaching and developing value investing, which we are now thinking of expanding globally".

-Prem Watsa
 Chairman and CEO, Fairfax Financial Holdings Ltd.
 From speeches given on February 16, 2011 and April 25, 2012.

"I was very impressed by both the quality and the international representation of the participants in your seminar. You are to be congratulated for all you are doing to advance the craft of value investing."

-Jeffrey D. Stacey
 Managing Partner, Stacey Muirhead Capital Management & 2012 Seminar Guest Speaker

Read testimonials from past participants

To read a review of the seminar in Canadian Business Online click here.


Past Participants


For lists and photos of past participants click here.


Other Offerings

Alternative format and dates are available for groups of over 15 participants.

 

Information for Registrants

 

 

For more information, contact cavieinfo@valueinvestingeducation.com