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Artwork for Value Investing with Legends

Value Investing with Legends

Columbia Business School
Value Investing
Market Perception
Investment Strategies
Artificial Intelligence
Long-Short Equity
Eminence Capital
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
Corporate Athletes

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

PublishesMonthlyEpisodes78Founded8 years ago
Number of ListenersCategories
InvestingBusinessManagement

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Artwork for Value Investing with Legends

Latest Episodes

What makes a business capable of compounding earnings over decades, and how can investors recognize when its competitive advantages are changing? In today's episode, hosts Michael Mauboussin and Tano Santos welcome Jim Engle, president of John W. Bri... more

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

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Recent Guests

Jim Engle
President of John W. Bristol & Company and CFA charter holder
John W. Bristol & Company
Episode: Corporate Athletes: Durable Competitive Advantages and Long-Term Investing
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

Hosts

Michael Mauboussin
Investment strategist and Columbia Business School faculty member
Tano Santos
Robert Heilbrunn Professor of Asset Management and Finance at Columbia Business School

Reviews

4.6 out of 5 stars from 564 ratings
  • Anxious For More Shows!

    Keep them coming, please!

    Apple Podcasts
    5
    bisongang
    United States3 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 States3 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.

Some listeners appreciate the hosts' questions and contributions; others feel host commentary and interruptions can cut guests short.
Guests are frequently praised for their experience, stories and practical perspectives on value investing.
Listeners value the depth of investing insight and the educational, academically informed approach.
Listeners describe the material as useful to both finance professionals and people studying or practicing investing.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

Corporate Athletes: Durable Competitive Advantages and Long-Term Investing
Q: How do you guys approach this sector software in general that is being so severely disrupted by these hyperscalers and the threat of AI substituting for all the services they provide?
Engle says some software will be disrupted, but systems of record can remain important because companies need reliable oversight of sensitive data and business processes. He expects providers such as ServiceNow and Workday may shift toward value-based pricing as AI changes how customers use their products.
Corporate Athletes: Durable Competitive Advantages and Long-Term Investing
Q: Can you walk us through what you mean by corporate athletes and how do you find them?
Bristol looks for businesses with durable competitive advantages and above-average growth prospects, examining sources such as scale, network effects, switching costs, and proprietary resources.
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.

Audience Metrics

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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?

Long-form interviews examine how experienced investors make decisions, build investment processes and respond to changing markets. The conversations center on value investing, including intrinsic value, capital cycles, portfolio construction, risk management and the behavioral challenges of investing. Regular hosts Michael Mauboussin and Tano Santos bring an academic perspective to discussions with senior practitioners from asset management, private equity, healthcare investing and related fields. Guests draw on their careers and specific investment examples to explain how they assess businesses, manage teams and navigate market cycles. The blend of practitioner experience and academic framing is distinctive, with attention to both investin... 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. The Acquirers Podcast
2. Behind the Balance Sheet
3. Capital Allocators – Inside the Institutional Investment Industry
4. Yet Another Value Podcast
5. The Memo by Howard Marks

How many episodes of Value Investing with Legends are there?

Value Investing with Legends launched 8 years ago and published 78 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. Jim Engle
2. Eddie Perkin
3. Django Davidson
4. Jim Flynn
5. Matthew Fine
6. Jenny Harrington
7. Samer Sarraf
8. Ricky Sandler

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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