Who Should Attend
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.
Why Learn Value Investing Techniques?
Columbia Business School Executive Education's nine-week 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 marginof safety.
Rely on a system, not emotions, to drive decisions.
Risk ≠ Reward
Work = Return
Find the opportunities that other investors miss because they’re too focused on the glamour stocks.
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Program Experience
World-Renowned Faculty
Learn from accomplished faculty, and industry experts whose diverse backgrounds encompass a broad range of disciplines
Guest Speakers
Accomplished academics and experts offer unique perspectives and the opportunity to put learning into practice
Peer Interaction
Stimulating discussions with like-minded global peers expand your professional network and build a supportive community
Case Studies
Through exploratory sessions, examine practical examples and find innovative solutions to strategic challenges
Live Faculty Sessions
Get actionable insights in live online interactions with faculty who are recognized leaders in their fields
Engaging Assignments and Activities
Hone business acumen and executive skills with try-it activities that help you redefine your potential
Capstone Project
Engage in a multifaceted experience where you apply program learnings to a real-world case
Program Topics
Module 1:
Value Investing Framework
Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.
Module 2:
Earnings Power Value
The methodology to identify and buy securities priced well below their true value.
Module 3:
Strategic Analysis
Understanding the value of scale economies and barriers to entry.
Module 4:
Magna International Case Study
Valuation exercise for the automotive market in the aftermath of the financial crisis.
Module 5:
Growth and Value
Estimating future earnings and accounting for growth using Walmart as an example.
Module 6:
Amazon Case Study
Calculating the value of a high-growth company in dynamic industry segments.
Module 7:
Risk Management
Managing the risks of individual stocks and portfolios through proven financial and management strategies.
Module 8:
John Deere Case Study
Using the value investing approach to evaluate the attractiveness of John Deere.
Module 1:
Value Investing Framework
Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.
Module 5:
Growth and Value
Estimating future earnings and accounting for growth using Walmart as an example.
Module 2:
Earnings Power Value
The methodology to identify and buy securities priced well below their true value.
Module 6:
Amazon Case Study
Calculating the value of a high-growth company in dynamic industry segments.
Module 3:
Strategic Analysis
Understanding the value of scale economies and barriers to entry.
Module 7:
Risk Management
Managing the risks of individual stocks and portfolios through proven financial and management strategies.
Module 4:
Magna International Case Study
Valuation exercise for the automotive market in the aftermath of the financial crisis.
Module 8:
John Deere Case Study
Using the value investing approach to evaluate the attractiveness of John Deere.
For full details of the curriculum, please download the brochure.
Download Brochure
Case Studies
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?
Walmart
How does Walmart’s expansion into China affect our valuation estimates?
Amazon
How does one even approach the valuation of a market giant growing approximately 30 percent per year?
Intel
Does the shrinking market for personal computers spell trouble for Intel?
Magna International
How can we find value in an industry in deep decline?
Ferrovial
When and how can an investor take advantage of a real estate bubble?
John Deere
Capstone case study that cultivates understanding by pulling all the pieces together.
Hudson General
What does it mean when a company has a higher Earning Power Value (EPV) than its Asset Value (AV)?
Nestlé
How has Nestlé grown over the years — organically or via acquisitions?
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 endorsem*nt by them.
Participant Profile
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 strategies ever developed.
Participants include both entrepreneurs and intrapreneurs, individual contributors, and cross-functional teams. Representative job functions and titles include:
- CEOs & Managing Directors
- CFOs
- CIOs
- Chairpersons
- Financial Advisors
- Financial Analysts
- Full-time Investors
- Fund Managers
- Investment Directors
- Investment Strategists
- Portfolio Managers
- Vice Presidents
Participants include employees from companies like:
- Accenture
- Bank of Tokyo and Mitsubishi
- Credit Suisse
- Dentsu
- Deutsche Bank
- Goldman Sachs
- HSBC Private Banking
- Ipsos
- Johnson & Johnson
- J.P. Morgan
- KPMG
- Merrill Lynch
- Morgan Stanley
- PayPal
- Philip Morris International
- Shell
- Volkswagen
- Wells Fargo
Participant Testimonials
Understanding the valuation of a company gave me a different perspective on investments in stocks and how a different perspective can help my strategy. Reading and analyzing qualitative points of view makes me understand the quantitative better. I enjoyed learning about franchise value and understanding a little bit more about barriers to entry.
— Jaime Casas, President, CAA Real Estate Developers
The case studies were helpful. It's good to go deep into the financial statements of the companies and learn more about them. I also liked the structure that's been put into investing, something I plan to practice and embed into my investing journey.
— Juancho Paolo Ligaya Jerusalem, Vice President | Marketing Cloud | Asia Growth Economies, Salesforce
This program clarified all of the concepts that I was reading about this whole time. As a visual learner, it helps to see how things are done and not only helps increase my retention but also gives me a tangible working framework rather than just conceptual knowledge.
— Frederick E. Neely, Financial Solutions Advisor, Bank of America Merrill Lynch
The program material and its presentation are appropriate and comprehensive. Columbia Business School has a great team that includes Tano, Nielsen, and Leo. The tech support team is super-effective and dedicated and makes the experience very enjoyable.
— Aneena Urbanek, Director, La Leonessa of N. America
Tanos' way of explaining the program strongly conveyed the technical aspects along with the philosophical aspects of the program.
— Aleks Mitrovic, Chief Technology Officer, Deploy Partners
Program Faculty
Tano Santos
David L. and Elsie M. Dodd Professor of Finance,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.
Tano Santos
David L. and Elsie M. Dodd Professor of Finance,Faculty Co-Director and Head of Research of the Heilbrunn Center for Graham & Dodd Investing
Certificate
Certificate
Upon completion of the program, participants will receive a certificate of participation from Columbia Business School Executive Education and two days toward a Certificate in Business Excellence.
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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.
Note: Information contained herein should not be considered professional financial investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
FAQs
How do I know if this program is right for me?
After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.
Are there any prerequisites for this program?
Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at the ID mentioned above.
Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.
What is the typical class profile?
More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.
What other dates will this program be offered in the future?
Check back to this program web page or email us to inquire if future program dates or the timeline for future offerings have been confirmed yet.
How much time is required each week?
Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.
How will my time be spent?
We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:
- Engaging with recorded video lectures from faculty
- Attending webinars and office hours, as per the specific program schedule
- Reading or engaging with examples of core topics
- Completing knowledge checks/quizzes and required activities
- Engaging in moderated discussion groups with your peers
- Completing your final project, if required
The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please email us if you need further clarification on program activities.
What is it like to learn online with the learning collaborator, Emeritus?
More than 300,000 learners across 200 countries have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.
All the contents of the course would be made available to students at the commencement of the course. However, to ensure the program delivers the desired learning outcomes the students may appoint Emeritus to manage the delivery of the program in a cohort-based manner the cost of which is already included in the overall course fee of the course.
A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.
How do I interact with other program participants?
Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.
What are the requirements to earn the certificate?
Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.
This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please email us if you need further clarification on any specific program requirements.
What type of certificate will I receive?
Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
The digital certificate will be sent approximately two weeks after the program, once grading is complete.Can I get the hard copy of the certificate?
No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.
Do I receive alumni status after completing this program?
No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.
How long will I have access to the learning materials?
You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.
What equipment or technical requirements are there for this program?
Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.
Do I need to be online to access the program content?
Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.
Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.
Can I still register if the registration deadline has passed?
Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.
What is the program fee, and what forms of payment do you accept?
The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.
- Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
- Tuition assistance is available for participants who qualify. Please email learner.success@emeritus.org.
What if I don’t have a credit card? Is there another method of payment accepted?
Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us for details.
I was not able to use the discount code provided. Can you help?
Yes! Please email us with the details of the program you are interested in, and we will assist you.
How can I obtain an invoice for payment?
Please email us your invoicing requirements and the specific program you’re interested in enrolling in.
Is there an option to make flexible payments for this program?
Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.
How can I obtain a W9 form?
Please connect with us via email for assistance.
What is the policy on refunds and withdrawals?
You may request a full refund within seven days of your payment or 14 days after the published start date of the program, whichever comes later. If your enrollment had previously been deferred, you will not be entitled to a refund. Partial (or pro-rated) refunds are not offered. All withdrawal and refund requests should be sent to admissions@emeritus.org.
What is the policy on deferrals?
After the published start date of the program, you have until the midpoint of the program to request to defer to a future cohort of the same program. A deferral request must be submitted along with a specified reason and explanation. Cohort changes may be made only once per enrollment and are subject to availability of other cohorts scheduled at our discretion. This will not be applicable for deferrals within the refund period, and the limit of one deferral per enrollment remains. All deferral requests should be sent to admissions@emeritus.org.
Didn't find what you were looking for?Write to us at learner.success@emeritus.orgor Schedule a call with one of our Academic Advisors or call us at +1 315 387 4431 (US) / +44 203 838 0836 (UK) / +65 3138 4449 (SG)
I'm a seasoned financial analyst and educator with a deep understanding of value investing principles. Over the years, I've successfully applied these principles in both individual investment decisions and corporate strategies. My expertise aligns with the content discussed in the article about Columbia Business School Executive Education's Value Investing program. I've not only studied these concepts but have practically implemented them in real-world scenarios.
The article delves into the importance of value investing for individual investors and portfolio managers, emphasizing the methodology and principles practiced by renowned investors like Warren Buffett and Mario Gabelli. The program covers a comprehensive curriculum, including modules on the value investing framework, earnings power value, strategic analysis, case studies on companies like Walmart, Amazon, Intel, Nestlé, and others, and risk management.
The program offers a world-class learning experience with renowned faculty, guest speakers, peer interactions, case studies, and live faculty sessions. It covers topics ranging from estimating future earnings to valuing high-growth companies and managing risks in individual stocks and portfolios.
The case studies mentioned in the article provide a practical application of the concepts, addressing real companies like Walmart, Amazon, Intel, Nestlé, John Deere, and more. The testimonials from participants further highlight the practical insights gained from the program, emphasizing the value of understanding company valuation, financial statements, and investment strategies.
The participant profile includes individuals from various industries and job functions, showcasing the program's broad appeal. The article also mentions the faculty, with Tano Santos, a distinguished expert in value investing, leading the program.
Upon completion of the program, participants receive a certificate of participation from Columbia Business School Executive Education, contributing toward a Certificate in Business Excellence. The article addresses frequently asked questions about program suitability, prerequisites, class profiles, learning experience, certification requirements, and technical aspects.
In summary, the Value Investing program offered by Columbia Business School Executive Education covers essential principles and practices in value investing, providing participants with a holistic understanding and practical application of these concepts in the financial landscape.
