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Artwork for Value Investing with Legends

Value Investing with Legends

Columbia Business School
Value Investing
Market Perception
Investment Strategies
Long-Short Equity
Eminence Capital
Artificial Intelligence
Quantitative Analysis
Corporate Governance
Private Equity
Investment Management
Private Secondary Market
Behavioral Finance
Quant Investing
Market Efficiency
Quantitative Investing
Economic Development
University Endowments
Pershing Square Capital Management
Capital Cycle
Fama-French Model

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 rationa... more

PublishesMonthlyEpisodes77Founded7 years ago
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ManagementInvestingBusiness

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Artwork for Value Investing with Legends

Latest Episodes

In this episode, Michael Mauboussin welcomes Eddie Perkin, former Chief Investment Officer at Eaton Vance and Goldman Sachs Asset Management, to discuss the principles behind better investment decision-making. Eddie shares how his early experiences s... more

In this episode, hosts Tano Santos and Michael Mauboussin welcome Django Davidson, Partner and Portfolio Manager at Hosking Partners, for a discussion of the capital cycle approach to investing. Django shares how his unconventional upbringing, experi... more

Jim Flynn is the Managing Partner of Deerfield Management, a healthcare-focused investment firm overseeing approximately $16 billion in assets. In this episode, hosts Michael Mauboussin and Tano Santos speak with Jim about his path from studying biol... more

In this episode, hosts Tano Santos and Michael Mauboussin speak with Matthew Fine, portfolio manager at Third Avenue Management, about his path into investing and the firm's value-driven philosophy. Matthew reflects on lessons from early experiences ... more

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Recent Guests

Eddie Perkin
Former Chief Investment Officer at Eaton Vance and Goldman Sachs Asset Management; author of Running Against the Herd
Former CIO, Eaton Vance; GSAM; author
Episode: Eddie Perkin - Battling Biases and Building Better Investment Teams
Django Davidson
Partner and Portfolio Manager at Hosking Partners
Hosking Partners
Episode: Django Davidson - The Capital Cycle: Finding Opportunity Where Others Aren't Looking
Jim Flynn
Managing partner of Deerfield Management, health care investment firm
Deerfield Management
Episode: Jim Flynn - Building a Healthcare Investment Platform Across Public, Private, and Venture
Matthew Fine
Portfolio manager, Third Avenue Management
Third Avenue Management
Episode: Matthew Fine - Buying Gray Clouds and Building Resilient Portfolios
Jenny Harrington
CEO of Gilman Hill Asset Management; portfolio manager of the firm's flagship equity income strategy
Gilman Hill Asset Management
Episode: Jenny Harrington - Dividend Investing, Risk Management, and Building Reliable Income Streams
Samer Sarraf
Founding partner, Senior Executive Officer and COO at Amwal Capital Partners
Amwal Capital Partners
Episode: Samer Sarraf - Investing in the GCC: Private Equity Discipline in Public Markets
Ricky Sandler
Founder, CEO, and CIO of Eminence Capital
Eminence Capital
Episode: Ricky Sandler - Investing Through Perception Shifts and Market Cycles
Robert Robotti
President and Chief Investment Officer of Robotti & Company Advisors, a value-focused investment firm
Robotti & Company Advisors
Episode: Robert Robotti - From Pink Sheets to Portfolio Management: Bob Robotti's Value Investing Journey
Richard Brekka
CEO, managing partner and co-founder of Second Alpha, specialized in secondary investing.
Second Alpha
Episode: Richard Brekka - From Venture to Secondaries: Richard Brekka on Illiquid Market Advantages

Hosts

Tano Santos
Robert Heilbrunn Professor of Asset Management and Finance at Columbia Business School; faculty director at the Heilbrunn Center for Graham and Dodd Investing; long-standing host with deep expertise in value investing.
Michael Mauboussin
Professor at Columbia Business School; prominent value investing educator and practitioner; co-host on the show with a focus on investing frameworks and market structure.

Reviews

4.6 out of 5 stars from 559 ratings
  • Anxious For More Shows!

    Keep them coming, please!

    Apple Podcasts
    5
    bisongang
    United States2 years ago
  • Incredible

    Incredible insights each episode. A valuable resource for all students and professionals in the finance and investing world. Hosts do a great job navigating the conversations and adding insights from academia. Keep it going!

    Apple Podcasts
    5
    Jean P Melo
    United States2 years ago
  • Dalio Episode

    The Ray Dalio episode was great. It was interesting to hear the backstory of Bridgewater and his current market thoughts.

    Apple Podcasts
    5
    hendi7
    United States3 years ago
  • the host keep interrupting the talk What i really want to listen is about him not the host

    Audible
    5
    Michael J Fox
    United States3 years ago
  • Christopher was great but

    the host keep interrupting the talk What i really want to listen is about him not the host

    Audible
    5
    Michael J Fox
    United States3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The host balance with guests is insightful, though some listeners feel the interviewing could be tighter.
High-caliber guests and practical investing wisdom are repeatedly praised.
Guest suggestions and positive feedback highlight the show's educational value.
A strong resource for value investing concepts and historic market context.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#207
United States/Business/Investing
Apple Podcasts
#68
United Kingdom/Business/Investing
Apple Podcasts
#162
Canada/Business/Investing
Apple Podcasts
#204
United Kingdom/Business
Apple Podcasts
#24
Italy/Business/Investing
Apple Podcasts
#74
Italy/Business

Talking Points

Recent interactions between the hosts and their guests.

Eddie Perkin - Battling Biases and Building Better Investment Teams
Q: What practical methods can investors use to confront confirmation bias in decision making?
Develop a hypothesis and test it, seek disconfirming evidence, involve a 'devil's advocate' on the team, consider using AI as a critical check, and incorporate independent post-meetings feedback and postmortems to avoid ego-driven reinforcement.
Eddie Perkin - Battling Biases and Building Better Investment Teams
Q: How would you describe the core of your investment philosophy today?
I focus on buying quality businesses at a discount to intrinsic value, emphasizing durable returns on invested capital, strong balance sheets, and the ability to reinvest at high returns. I aim to avoid overpaying and prefer businesses with real competitive advantages, using a disciplined valuation framework.
Eddie Perkin - Battling Biases and Building Better Investment Teams
Q: Let's start with your path. Tell us a little bit about your background growing up and what first drew you to investing?
I was born in South Africa, grew up in the UK and US, and my early curiosity about money came from a first bank account and the idea that money could earn money through compounding. A pivotal moment was seeing Berkshire Hathaway's rise and studying Buffett, which steered me toward Columbia and a value-oriented approach.
Jim Flynn - Building a Healthcare Investment Platform Across Public, Private, and Venture
Q: Can you walk through the NewValent case and what it demonstrates about Deerfield's edge?
NewValent shows how a Harvard chemist's idea can be advanced from test tube to animals to clinical and public markets, leveraging internal resources, syndication, and a view of durable value creation through best-in-class assets.
Jim Flynn - Building a Healthcare Investment Platform Across Public, Private, and Venture
Q: What distinguishes Deerfield's investment approach from traditional hedge funds or private equity shops?
Deerfield pursues a multi-armed strategy across public, private, and venture, backed by a strong data and intelligence capability, with a focus on marginal-cost ventures and durable moats rather than pure asset-heavy bets.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Value Investing with Legends

What is Value Investing with Legends about and what kind of topics does it cover?

A deep-dive interview series centered on value investing, combining long-horizon fundamentals with real-world portfolio experiences. Episodes feature renowned investors and academics sharing their approaches to risk, concentration, capital allocation, and the evolving market environment, including crises, monetary policy, and technology like AI. Notable throughlines include a disciplined emphasis on intrinsic value, balance-sheet strength, and the impact of behavioral finance on decision-making. The show tends to blend personal career anecdotes with rigorous investment philosophy, often illustrating concepts via concrete case studies and historical episodes. It's particularly notable for high-caliber guests from independent funds, major ass... more

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Which podcasts are similar to Value Investing with Legends?

These podcasts share a similar audience with Value Investing with Legends:

1. Capital Allocators – Inside the Institutional Investment Industry
2. The Acquirers Podcast
3. Behind the Balance Sheet
4. Yet Another Value Podcast
5. Business Breakdowns

How many episodes of Value Investing with Legends are there?

Value Investing with Legends launched 7 years ago and published 77 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Value Investing with Legends?

Recent guests on Value Investing with Legends include:

1. Eddie Perkin
2. Django Davidson
3. Jim Flynn
4. Matthew Fine
5. Jenny Harrington
6. Samer Sarraf
7. Ricky Sandler
8. Robert Robotti

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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