Bruce Greenwald | |
---|---|
Born | August 15, 1946 |
Nationality | American |
Institutions | Graduate School of Business, Columbia University, USA; First Eagle Investment Management |
Field | Economics, investing |
Alma mater | Massachusetts Institute of Technology, Princeton University |
Bruce Corman Norbert Greenwald (born August 15, 1946), [1] is a professor at Columbia University's Graduate School of Business and an advisor at First Eagle Investment Management. He is, among others, the author of the books Value Investing: from Graham to Buffett and Beyond and Competition Demystified: A Radically Simplified Approach to Business Strategy. He has been referred to by The New York Times as "a guru to Wall Street's gurus" [2] and is a recognized authority on value investing, along with additional expertise in productivity and the economics of information.
Greenwald received a B.S. in electrical engineering from MIT in 1967, a M.S. in electrical engineering and M.P.A. from Princeton University in 1969, and a Ph.D. from MIT in economics in 1978. Before arriving at Columbia in 1991, Greenwald was a research economist at Bell Laboratories and later Bell Communications Research, and an assistant professor at Harvard Business School. [3]
Columbia Business School (CBS) is the business school of Columbia University, a private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one of the oldest business schools in the world. Although it originally offered undergraduate degrees, it stopped doing so in the middle of the twentieth century and now only offers graduate degrees and professional programs.
Li Lu is a Chinese-born American value investor, businessman and philanthropist. He is the founder and chairman of Himalaya Capital Management. Prior to emigrating to America, he was one of the student leaders of the 1989 Tiananmen Square student protests. In 2021, he also co-founded The Asian American Foundation and serves as its chairman.
Benjamin Graham was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.
Kiwi International Air Lines was a Part 121 American airline that operated from September 21, 1992 to March 24, 1999. It had its headquarters in the Hemisphere Center in Newark, New Jersey adjacent to Newark Liberty International Airport.
Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text Security Analysis.
David LeFevre Dodd was an American educator, financial analyst, author, economist, and investor. In his student years, Dodd was a protégé and colleague of Benjamin Graham at Columbia Business School.
The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham’s legacy remains.
William J. Ruane was an American businessman, investor, and philanthropist.
Security Analysis is a book written by professors Benjamin Graham and David Dodd of Columbia Business School, which laid the intellectual foundation for what would later be called value investing. The first edition was published in 1934, shortly after the Wall Street crash and start of the Great Depression. Among other terms, Graham and Dodd coined the term margin of safety in Security Analysis.
Michael F. Price was an American value investor and fund manager who ran the hedge fund MFP Investors LLC.
Lawrence A. Cunningham is the founder and managing general partner of the Quality Shareholders Group, a corporate director, advisor and prolific author. He is an authority on corporate governance, corporate culture, shareholders and investing. In 2018, he received the B. Kenneth West Lifetime Achievement Award from the National Association of Corporate Directors (NACD), in recognition of his board service, board advice, and research on corporate governance.
Owner earnings is a valuation method detailed by Warren Buffett in Berkshire Hathaway's annual report in 1986. He stated that the value of a company is simply the total of the net cash flows expected to occur over the life of the business, minus any reinvestment of earnings.
"The Superinvestors of Graham-and-Doddsville" is an article by Warren Buffett promoting value investing, published in the Fall, 1984 issue of Hermes, Columbia Business School magazine. It was based on a speech given on May 17, 1984, at the Columbia University School of Business in honor of the 50th anniversary of the publication of Benjamin Graham and David Dodd's book Security Analysis. The speech and article challenged the idea that equity markets are efficient through a study of nine successful investment funds generating long-term returns above the market index. All these funds were managed by Benjamin Graham's alumni, following the same "Graham-and-Doddsville" value investing strategy but each investing in different assets and stocks.
John P. Reese is an American author, financial columnist, and money manager. He has written two books about investing, and is a columnist for several international financial publications, including Forbes magazine and Forbes.com; Canada's The Globe and Mail; RealMoney.com ; and the Israeli newspaper Globes.
Seth Andrew Klarman is an American billionaire investor, hedge fund manager, and author. He is a proponent of value investing. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.
Walter Jerome Schloss was an American investor, fund manager, and philanthropist. He was a well-regarded value investor as well as a notable disciple of the Benjamin Graham school of investing. He died of leukemia at the age of 95.
Mr. Market is an allegory created by investor Benjamin Graham to describe what he believed were the irrational or contradictory traits of the stock market and the risks of following groupthink. Mr. Market was first introduced in his 1949 book, The Intelligent Investor.
Howard Warren Buffett is an American adjunct professor in public policy and international affairs, a political advisor, philanthropist and a grandson of Warren Buffett. He serves as an adjunct faculty member at Columbia University's School of International and Public Affairs and was previously the executive director of the Howard G. Buffett Foundation, a private philanthropic foundation that funds initiatives aimed at improving the standard of living and quality of life for the world’s most impoverished and marginalized populations. He previously led agriculture-based economic stabilization and redevelopment programs in Iraq and Afghanistan while at the United States Department of Defense, and as a policy advisor in the Executive Office of the President of the United States under President Barack Obama.
Guy Spier is a Zurich-based investor. He is the author of The Education of a Value Investor. Spier is the manager of the Aquamarine Fund with $350 million in assets. He is well known for bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett in 2008. In 2009, he was featured in The Checklist Manifesto, by Atul Gawande regarding his use of checklists as part of his investment process.
Stig Brodersen is a Danish investor, author, and former college professor. He is the owner of the investment company Stig Brodersen Holding, and the co-founder and show host of The Investors Podcast.
pub. info. (b. 8/15/46)