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Value Investing with Legends Profile

Value Investing with Legends

English, Finance, 10 seasons, 58 episodes, 2 days, 9 hours, 9 minutes
About
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.
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Jan Hummel - Deep Diligence at Paradigm Capital

In this episode, Tano Santos sits down with Jan Hummel, CIO of Paradigm Capital, revisiting his investment strategies and exploring the nuanced dimensions of risk management in the evolving European asset landscape. Jan discusses the foundational investment philosophy of Paradigm Capital, emphasizing risk minimization and the strategic deployment of assets across Europe. Key discussions pivot around the firm's selective investment criteria, focusing on companies in the small to mid-cap space and the significance of geographical and cultural nuances in their investment decisions. This conversation offers listeners insights into the subtleties of value investing, portfolio construction, the implications of geopolitical and economic dynamics on market opportunities, and so much more!   Key Topics: Introduction and background of Jan Hummel (0:37) Fundamental tenets of investment philosophy at Paradigm Capital (1:25) The impact of European market dynamics on investment strategies (7:25) Sourcing and valuing investment opportunities (9:47) Specific approaches to risk management and hedging strategies (22:23) Portfolio sizing and the decision-making process behind exiting investments (26:00) The role of geographical focus in Paradigm's investment strategy (29:12) Valuation techniques and practical applications in portfolio management (32:03) Trends and challenges in the European asset management industry (36:48) Macro-economic factors influencing market conditions and investment decisions (40:30) Prospects for growth and opportunities in the European financial landscape (45:17) Jan’s book recommendations (46:06) And much more!   Mentioned in this Episode:   The Fiscal Theory of the Price Level by John Cochrane Paradigm Capital 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 [email protected].   Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!
5/17/202448 minutes, 46 seconds
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Todd Combs - Charlie Munger's Legacy

In this heartfelt episode, we pay tribute to Charlie Munger, the visionary vice chairman of Berkshire Hathaway who recently passed away. Joining us is Todd Combs, an investment officer at Berkshire Hathaway and a close acquaintance of Munger. Todd shares personal anecdotes and insights into Munger's profound influence on the investment world and his unique approach to life and business. From his early meetings with Munger to the invaluable lessons on value investing and rational thinking, Todd provides an intimate look into the wisdom of one of the greatest investors of our time.     Key Topics: Celebrating Charlie Munger’s contributions and legacy (01:20) Todd’s initial encounters with Munger (02:15) The intellectual journey and partnership between Munger and Buffett (08:57) Munger's approach to life, investing, and the importance of mental models (11:22) Behavioral economics insights shared by Munger (13:00) The practical applications of Munger’s wisdom in business and investing (16:17) Munger’s lasting impact (24:59) And much more!   Mentioned in this Episode:   Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger by Charles T. Munger  Thinking, Fast and Slow by Daniel Kahneman      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 [email protected].   Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!
5/3/202427 minutes, 12 seconds