# Value Investing with Legends A podcast by Columbia Business School. 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… Feed: https://rss.libsyn.com/shows/178055/destinations/1207712.xml ## Latest episodes - [Eddie Perkin - Battling Biases and Building Better Investment Teams](https://invisiblenetwork.ai/podcast/1459993408/6dadf6f07337) (2026-07-10, 57 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Eddie_Perkin_-_AUDIO_V1.mp3?dest-id=1207712 - [Django Davidson - The Capital Cycle: Finding Opportunity Where Others Aren't Looking](https://invisiblenetwork.ai/podcast/1459993408/3cdab040d971) (2026-06-26, 57 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Django_Davidson_-_AUDIO_V1.mp3?dest-id=1207712 - [Jim Flynn - Building a Healthcare Investment Platform Across Public, Private, and Venture](https://invisiblenetwork.ai/podcast/1459993408/91f5fb737489) (2026-06-12, 47 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S11E13_Jim_Flynn_-_AUDIO_V2.mp3?dest-id=1207712 - [Matthew Fine - Buying Gray Clouds and Building Resilient Portfolios](https://invisiblenetwork.ai/podcast/1459993408/7192387965e5) (2026-05-08, 60 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Matthew_Fine_-_AUDIO_V2.mp3?dest-id=1207712 - [Jenny Harrington - Dividend Investing, Risk Management, and Building Reliable Income Streams](https://invisiblenetwork.ai/podcast/1459993408/ce21dc572daf) (2026-04-17, 62 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Jenny_Harrington_-_AUDIO_V3.mp3?dest-id=1207712 - [Samer Sarraf - Investing in the GCC: Private Equity Discipline in Public Markets](https://invisiblenetwork.ai/podcast/1459993408/6f652172e055) (2026-03-13, 77 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Samer_Sarraf_-_AUDIO_V5.mp3?dest-id=1207712 - [Ricky Sandler - Investing Through Perception Shifts and Market Cycles](https://invisiblenetwork.ai/podcast/1459993408/df12d3502daf) (2025-12-19, 56 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Ricky_Sandler_-_AUDIO_V2-B.mp3?dest-id=1207712 - [Robert Robotti - From Pink Sheets to Portfolio Management: Bob Robotti's Value Investing Journey](https://invisiblenetwork.ai/podcast/1459993408/dbcb8eb30f19) (2025-11-21, 63 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Bob_Robotti_-_AUDIO_V1.mp3?dest-id=1207712 - [Richard Brekka - From Venture to Secondaries: Richard Brekka on Illiquid Market Advantages](https://invisiblenetwork.ai/podcast/1459993408/79c06d68117e) (2025-11-07, 64 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S11_Richard_Brekka_-_AUDIO_V1.mp3?dest-id=1207712 - [Amit Wadhwaney - From Montreal to Moerus: Amit Wadhwaney's Deep Value Discipline](https://invisiblenetwork.ai/podcast/1459993408/68f14448ae68) (2025-10-24, 69 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Amit_Wadhwaney_-_AUDIO_V1.mp3?dest-id=1207712 - [Bill Ackman - Evolving Investment Playbook, From MBIA to Moats](https://invisiblenetwork.ai/podcast/1459993408/2f25b6e73455) (2025-10-10, 57 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Bill_Ackman_-_AUDIO_V1.mp3?dest-id=1207712 - [Kristin Gilbertson - Risk, Resilience, and Returns](https://invisiblenetwork.ai/podcast/1459993408/df7320cc99bb) (2025-08-29, 51 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Kristin_Gilbertson_AUDIO_V3.mp3?dest-id=1207712 - [Seth Klarman - Contrarian Investing, Discipline, and Building Baupost](https://invisiblenetwork.ai/podcast/1459993408/e3e6fc7ddda1) (2025-08-01, 56 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Seth_Klarman_AUDIO_V1.mp3?dest-id=1207712 - [Kent Daniel — From Physics to Finance: Exploring Market Inefficiencies](https://invisiblenetwork.ai/podcast/1459993408/ed3b28a53ba9) (2025-07-25, 72 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Kent_Daniel_-_AUDIO_V1.mp3?dest-id=1207712 - [Cliff Asness — Quant Origins, Value Crashes, and Market Inefficiencies](https://invisiblenetwork.ai/podcast/1459993408/b316ad427eee) (2025-07-11, 86 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Cliff_Asness_AUDIO.mp3?dest-id=1207712 - [Phil Ruvinsky - Sustainable Competitive Advantages in Technology](https://invisiblenetwork.ai/podcast/1459993408/e3c32010b4fe) (2024-07-12, 38 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Phil_Ruvinsky_FINAL_2.mp3?dest-id=1207712 - [Anu Bradford - EU Influence, Big Tech Challenges, and the Future of Digital Governance](https://invisiblenetwork.ai/podcast/1459993408/da3cf964ef62) (2024-06-28, 62 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S10E05_Anu_Bradford_FINAL.mp3?dest-id=1207712 - [Jonathan Knee - The Platform Delusion and the Intricacies of Digital and Analog Platforms](https://invisiblenetwork.ai/podcast/1459993408/b6fcb87dcfef) (2024-06-14, 65 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S10e_Jon_Knee_-_FINAL.mp3?dest-id=1207712 - [James Bessen - Understanding the Tech Paradigm](https://invisiblenetwork.ai/podcast/1459993408/2747191fdcc5) (2024-05-31, 46 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S10EX_James_Bessen_FINAL.mp3?dest-id=1207712 - [Jan Hummel - Deep Diligence at Paradigm Capital](https://invisiblenetwork.ai/podcast/1459993408/70b54f614c0c) (2024-05-17, 49 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S10E04_Jan_Hummel_FINAL_2.mp3?dest-id=1207712 - [Todd Combs - Charlie Munger's Legacy](https://invisiblenetwork.ai/podcast/1459993408/8477df6bc555) (2024-05-03, 28 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Todd_Combs_-_FINAL.mp3?dest-id=1207712 - [Kim Lew - The Dynamics of Risk Management and Asset Allocation](https://invisiblenetwork.ai/podcast/1459993408/a4ddf29b3000) (2023-12-29, 64 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_Kim_Lew_FINAL.mp3?dest-id=1207712 - [John Armitage - Navigating Macroeconomic Shifts](https://invisiblenetwork.ai/podcast/1459993408/001003f1432a) (2023-12-15, 52 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S9E5_-_John_Armitage_FINAL_2.mp3?dest-id=1207712 - [Nicolai Tangen - Decision-Making and Intuition in Investing](https://invisiblenetwork.ai/podcast/1459993408/e57bfea93a9b) (2023-11-24, 45 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/VIL_-_S9E4_Nicolai_Tangen_FINAL.mp3?dest-id=1207712 - [John Rogers - The Power of Patience](https://invisiblenetwork.ai/podcast/1459993408/2dc148b5f624) (2023-11-10, 61 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S9EP03_-_John_Rogers_FINAL.mp3?dest-id=1207712 - [Sheldon Stone - Liquidity, Covenants, and Capital Availability](https://invisiblenetwork.ai/podcast/1459993408/1a556ed0e732) (2023-10-27, 63 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S9EP02_-_Sheldon_Stone_FINAL.mp3?dest-id=1207712 - [Ray Dalio - Risk, Return, and Asset Allocation](https://invisiblenetwork.ai/podcast/1459993408/b2acf559de66) (2023-10-13, 60 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S9EP01_-_Ray_Dalio_FINAL_2.mp3?dest-id=1207712 - [Fireside Chat with Tom Gayner, Markel Corporation](https://invisiblenetwork.ai/podcast/1459993408/d0bdd4a5344a) (2023-03-31, 40 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP08_-_Fireside_Chat_FINAL.mp3?dest-id=1207712 - [Scott Hendrickson - An Unmasking of Quality](https://invisiblenetwork.ai/podcast/1459993408/3482700aa8da) (2023-03-17, 53 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP07_-_Scott_Hendrickson_FINAL.mp3?dest-id=1207712 - [Bill Nygren - Fundamental Investing From A Generalist's Perspective](https://invisiblenetwork.ai/podcast/1459993408/41bc628f8a2b) (2023-03-03, 66 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP06_-_Bill_Nygren_FINAL.mp3?dest-id=1207712 - [Angela Aldrich - Developing A Differentiated View](https://invisiblenetwork.ai/podcast/1459993408/55e64e7e6f78) (2023-02-17, 66 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP05_-_Angela_Aldriche_FINAL.mp3?dest-id=1207712 - [Charley Ellis - The Evolution of the Asset Management Industry](https://invisiblenetwork.ai/podcast/1459993408/dcbe435d48a6) (2023-02-03, 76 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP04_-_Charley_Ellis_FINAL2.mp3?dest-id=1207712 - [Felix Oberholzer-Gee - The Competitive Advantage of Value-Based Strategy](https://invisiblenetwork.ai/podcast/1459993408/a2afd2acccdd) (2023-01-20, 71 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP03_-_Felix_Oberholzer-Gee_FINAL2.mp3?dest-id=1207712 - [Mitch Julis - Finding the Opportunity in Complexity](https://invisiblenetwork.ai/podcast/1459993408/203972e8b840) (2023-01-06, 82 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP02_-_Mitch_Julis_FINAL.mp3?dest-id=1207712 - [Andrew Wellington & Dan Kaskawits - Finding the Gems Amid the Junk](https://invisiblenetwork.ai/podcast/1459993408/d6ac3fadefde) (2022-12-16, 73 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S8EP01_-_Dan_Kaskawits_FINAL.mp3?dest-id=1207712 - [Amy Zhang - Identifying Exceptional Potential](https://invisiblenetwork.ai/podcast/1459993408/1a60cddee7e8) (2022-07-01, 57 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S7EP04_-_A_Zhang_FINAL.mp3?dest-id=1207712 - [Ashvin Chhabra - The Aspirational Investor](https://invisiblenetwork.ai/podcast/1459993408/0276c3344ce3) (2022-06-17, 58 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S7EP03_-_Ashvin_Chhaba_FINAL.mp3?dest-id=1207712 - [Abby Joseph Cohen - Blending the Quantitative with the Qualitative](https://invisiblenetwork.ai/podcast/1459993408/40d2d7768906) (2022-06-03, 51 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S7EP02_-_Abby_Cohen_FINAL.mp3?dest-id=1207712 - [Allison Fisch - Unlocking Value in Emerging Markets](https://invisiblenetwork.ai/podcast/1459993408/24501958f833) (2022-05-20, 48 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S7EP01_-_Allison_Fisch_FINAL.mp3?dest-id=1207712 - [Munib Islam - Creating Long-Term Value](https://invisiblenetwork.ai/podcast/1459993408/420110a3236f) (2021-12-03, 74 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S6EP06_-_Munib_Islam_FINAL.mp3?dest-id=1207712 - [Lauren Taylor Wolfe - Adding Value With A Creative Approach to Environmental, Social, and Governance Change](https://invisiblenetwork.ai/podcast/1459993408/8a2e1fc1a99a) (2021-11-12, 59 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S6EP05_-_Lauren_Wolfe_FINAL.mp3?dest-id=1207712 - [Bringing An Outside Perspective Through Transformational Activism with Mason Morfit](https://invisiblenetwork.ai/podcast/1459993408/018e96fa3350) (2021-10-29, 61 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S6EP04_-_Mason_Morfit_FINAL2.mp3?dest-id=1207712 - [5x5x5 Russo Student Investment Fund: Class of 2021](https://invisiblenetwork.ai/podcast/1459993408/731da19b10db) (2021-10-15, 57 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S6EP.03_-_5x5x5_FINAL.mp3?dest-id=1207712 - [Chris Davis - A Multifaceted Perspective on Financial Services](https://invisiblenetwork.ai/podcast/1459993408/cdc50cecf1cc) (2021-10-01, 77 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S6EP02_-_Chris_Davis_FINAL.mp3?dest-id=1207712 - [The Art of Fund Management with Chase Sheridan & Will Pan](https://invisiblenetwork.ai/podcast/1459993408/873b6441afb9) (2021-09-17, 78 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S6EP01_-_Ruane_Cunniff_FINAL_NEW_INTRO.mp3?dest-id=1207712 - [Anne-Sophie d'Andlau - Driving Change By Engaging With Impact](https://invisiblenetwork.ai/podcast/1459993408/5b38964d5b63) (2021-04-09, 50 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S5EP07_-_Anne-Sophie_dAndlau_FINAL.mp3?dest-id=1207712 - [Florian Schuhbauer and Klaus Roehrig - Applying Activist Tactics to European Markets](https://invisiblenetwork.ai/podcast/1459993408/6f21c620769c) (2021-03-26, 79 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S5EP06_-_Florian_Schuhbauer_and_Klaus_Roehrig_FINAL.mp3?dest-id=1207712 - [Elizabeth Lilly - Embodying the Principles of Value Investing](https://invisiblenetwork.ai/podcast/1459993408/7f90f4ee9b5e) (2021-03-12, 58 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S5EP05_-_Elizabeth_Lilly_FINAL.mp3?dest-id=1207712 - [Anna Nikolayevsky - The Value of Independent Thought](https://invisiblenetwork.ai/podcast/1459993408/c4c286ff5500) (2021-02-26, 47 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S5EP04_-_Anna_Nikolayevsky_FINAL.mp3?dest-id=1207712 - [David Marcus - Developing a 3D Perspective of Investing](https://invisiblenetwork.ai/podcast/1459993408/7ee287557a91) (2021-02-12, 82 min): audio https://traffic.libsyn.com/secure/valueinvestingwithlegends/S5E03_-_David_Marcus_FINAL.mp3?dest-id=1207712 Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.