2024 - 2025
The Heilbrunn Center recently welcomed Dean Dakolias, Co-Chairman and a Managing Partner, Fortress, to the Center's Advisory Board. Dean joins the distinguished group of professionals which provides invaluable guidance and advice to Professor Santos and the Heilbrunn Center. To learn more about the Heilbrunn Center's advisory board, read here.
Professor Tano Santos will be on sabbatical for the 2024 -2025 academic year. Thank you to our advisory board and other stakeholders for their additional support during his absence! Jeff Mueller '13 will teach Value Investing (A term) and Kent Daniel, Jean-Marie Eveillard/First Eagle Investment Management Professor of Business, will teach Value Investing with Legends during Tano's sabbatical.
Welcome to the Value Investing Program Class of 2025!
Students are selected for the Program through a competitive application process and complete a set of 7 courses including: Modern Value, Applied Value Investing, The Credit Superhighway, Economics of Strategic Behavior, Value Investing with Legends, and two elective courses from a menu of Heilbrunn Center courses. Besides access to world-class practitioners who teach the Value Investing Program courses, students in the Program also receive access to special programming, including recruiting and career workshops, mentors, and various networking events. The Heilbrunn Center also maintains a resume book for students in the Program that is sent to employers upon request. If you are interested in recruiting from the Value Investing Program, please contact Meredith Trivedi at [email protected].
In addition to the Center’s regular course offerings, we are pleased to offer several new electives including Activist Value Investing for Small Cap Companies taught by Eric Rosenfeld, Crescendo Partners and Ehsan Ehsani ’22, Crescendo Partners and Managing Large Asset Pools for Families and Institutions taught by Adam Shapiro ’02, East Rock Capital and Brian Waterhouse ’15, East Rock Capital.
International Executive Education
The Heilbrunn Center will host Modern Value Investing Executive Education Program in London May 21 – May 23, 2025. Registration will open in January 2025. For more information regarding this program please email Meredith Trivedi at [email protected] or visit https://www8.gsb.columbia.edu/valueinvesting/LondonProgram.
5x5x5 Russo Student Investment Portfolio
The latest vintage of the 5x5x5 Russo Student Investment Portfolio includes: Becle (BMV: Cuervo) - Tom Marmarelli Ashkenazi '24, Cinemark Holdings (CNK) - Jose Alvarez '24, Fleetcor (FLT/CPAY) - Tanay Dixit '24, RS Group (LSE:RS1) - Javier Muñoz Canessa '24, and S&P Global (SPGI) - Richard Lalane '24.
Visit here to read the student write-ups from the current and past vintages
New Initiatives
The Heilbrunn Center hosted its first ever Chazen Study Tour, visiting the UAE in January 2024. Nineteen students joined the Center and company visits included Morgan Stanley, Millennium, Brevan Howard, ADIA, ADQ, Lunate, Goldman Sachs, BCG’s PIPE team, and JP Morgan. The group also had the opportunity to spend time with alumni in the region and experience the many beautiful cultural sites. The Heilbrunn Center plans to expand this initiative in the coming years.
Stay Involved and Upcoming Events
There are many ways to engage with the Heilbrunn Center and our students.
Mentor a Student
As part of the Value Investing Program experience, each student is paired with at least one industry professional to provide guidance and advice on career development, feedback on pitches, and other assistance with networking and recruiting. This mentorship provides our students with the invaluable opportunity to engage one-on-one with an active member of the investing community and has led to many lifelong professional friendships. For those unable to commit the time to a formal mentee, we also offer mock interview preparation for the VI Program students and are building a directory of practitioners to conduct mock interviews on a one-off basis.
If you are interested in participating with the mentorship or mock interview program please contact Julia Kimyagarov at [email protected].
Speak on Campus
The Heilbrunn Center, in conjunction with CSIMA, hosts a regular professional development series for students to hear from and ask questions of practitioners in a small group setting. If you are interested in speaking on campus please contact Meredith Trivedi at [email protected].
Judge a Stock Pitch
Participate as an IIC judge, CSIMA Stock Pitch Competition judge, Applied Security Analysis practice pitch judge or meet with students individually to provide feedback on their verbal and written stock pitches. If you are interested in serving as a judge, please contact Meredith Trivedi at [email protected].
Upcoming Events
The Heilbrunn Center has planned a robust calendar of events for students and the alumni-practitioner community during the 2024-2025 academic year. Listed below are Center's open events. For a calendar of student-only events, please visit campus groups or email Julia Kimyagarov at [email protected].
The 34th Annual Graham & Dodd Breakfast featuring Mala Gaonkar Thursday, October 10, 2024 | The 28th Annual CSIMA Conference Friday, February 7, 2025 |
The 10th Annual CSIMA Stock Pitch Challenge Friday, November 1, 2024 | The 18th Annual Pershing Square Challenge Friday, April 18, 2025 |
The 3rd Annual Kawaja Growth Stock Pitch Challenge Fall 2024 | The 16th Annual “From Graham to Buffett and Beyond” Omaha Dinner Friday, May 2, 2024 |
The 6th Annual Artisan International Stock Pitch Challenge January 2025 |
Register now for the 34th Annual Graham & Dodd Breakfast featuring Mala Gaonkar, Founder and Chief Investment Officer of SurgoCap Partners LP. The event will take place on Thursday, October 10, 2024 at the Pierre Hotel in New York City.
Ryan Israel, CIO and Partner, Pershing Square Capital Management; Liz Campbell, CIO, Portfolio Advisors; and Jenny Wallace, Founding Partner and CIO, Summit Street Capital Management, are confirmed keynote speakers for the 28th Annual CSIMA Conference on February 7, 2025 in New York. Further details on speakers to follow.
Value Investing with Legends podcast
If you do not already, listen and subscribe to the Value Investing with Legends podcast hosted by Tano Santos and Michael Mauboussin.
Follow us on LinkedIn, X (@CenterDodd), and Instagram (@heilbrunncenter).
Annual Letter Archive