17024

17024 Value Investing, 5 cr

Place: 
Helsinki
Type: 
Advanced studies
Kind: 
Course
Teaching language: 
English
Course Description: 

The course develops a framework for value investing based on a modern treatment of the Graham and Dodd approach to investment management. The course covers the search for undervalued stocks, the valuation of stocks that pass the screening process, and the investment decision to buy a stock if its price is below the intrinsic value by a margin of safety.

Learning Goal: 

You are familiar with the Graham & Dodd approach to investment management and have knowledge of empirical research related to value investing.

After completing the course, you will be able to: 
  • create stock screens;
  • do a Graham & Dodd valuation;
  • evaluate the quality dimension of value investing;
  • make investment decisions.
International Learning Experience: 

Problem solving in an international business environment. International cases are used. International research articles are used.

Pre-requisites: 

20 ECTS in Finance at bachelor/master's level required

Total Student Workload: 

134 hours divided into
Scheduled (contact) hours: 28 h
Non-scheduled work: 106 h

Instruction: 

Lectures 18h
Exercises 6 h (including investment case)
Exam 4 h
Preparing for exam 106 h

Literature and Course Material: 

• Greenwald, B., Kahn, J., Sonkin, P. D. & van Biema, M. (2001). Value investing: from Graham to Buffett and beyond. New York: Wiley.
• Graham, B. & Zweig, J. (2003). The intelligent investor. Revised edition. New York: HarperBusiness Essentials.
• Articles assigned by examiner.

Assessment: 

Assignments and final exam.
(1) Exam 70% and (2) exercises 30%

Recommended Time of Performance: 

First or second year of Master's studies.

Equivalent Courses: 

Students who have completed the earlier course Value Investing (8 ECTS, course code 17003) or Investment Analysis (course code 1793) cannot take this course.

 

Non-degree studies (Open University, JOO and Contract Studies): 

Open university quota: 3
Quota for JOO-students: 3