Value Investing: Buy Cheap, Obscure and Out of Fashion

Professor Bruce C. Greenwald discusses his executive education course in value investing and what differentiates the practice from other investment strategies. "Most investors are constitutionally oriented to buying lottery tickets," he says. "And that's what creates the value opportunities for the plodding, careful investors."

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Professor Bruce C. Greenwald discusses his executive education course in value investing and what differentiates the practice from other investment strategies.

"Most investors are constitutionally oriented to buying lottery tickets," he says. "And that's what creates the value opportunities for the plodding, careful investors." - Columbia Business School

Bruce Greenwald, the Robert Heilbrunn Professor of Finance and Asset Management, directs the Heilbrunn Center for Graham & Dodd Investing and the academic program in value investing. Described by the New York Times as 'a guru to Wall Street's gurus,' Greenwald teaches value investing courses to MBAs, executives and professional investors. His book Value Investing: From Graham to Buffett and Beyond earned immediate acclaim from both individual and professional investors. Greenwald received the 2000 Columbia University Presidential Teaching Award and the 1997 Margaret Chandler Memorial Award for Commitment to Excellence in Teaching. He also is a two-time recipient of the Singhvi Prize for Scholarship in the Classroom.

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[VivekRajcoomar]

Is he...is he Peter from Family Guy?

[anka893]

people actually go into debt to listen to this guy?wtf lol

[AFRIKTODAY]

You want to improve my wealth? Show me your portfolio!

[AFRIKTODAY]

@49fiori I agree with you!

[1PeaceNation]

Cheap and Boring and Small and Obscure.... That is the secret.

[Tuxster3]

I hope you're also telling your students that small caps tend to be risky.

You should tell your students to focus on boring, out of favor, and undervalued mid and large cap stocks.

Small cap companies can be beaten down for a many reasons, like they're too under capitalized to do what they want to do.

[venangocountynow]

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[DoughJames]

@anka893 People go into debt to get an MBA so that they can get an interview with the top investment banks and private equity firms. He is just a bump along the road :-)

[49fiori]

@gooberdude I was referring to individual investors. Passive investors should stay away from the markets, they have no business, no knowledge, and especially no time to find and to properly value a stock. Value investing, or simply it should just be called investing because everything else is speculation should and must only be reserved to institutional investors who do this for a living. I know very well that DJIA went from 66 in 1921 to 12,600 today, but how many lost money during this period?