What areas of research would you like to see developed this year?
Jonah Rockoff examines data from New York City’s public schools to assess whether mentor programs — increasingly used in the private as well as the public sector — reduce employee turnover and improve productivity.
Regulation reform, house prices and bankruptcy are some of the issues that may shape the economy in the coming year.
Though Americans’ perceptions of the economy are very negative, two key measures show that the economy is not as bad as it may seem.
How stock commentators speak about the market can influence investors' opinions.
There are many golden investment opportunities right now if you know what to look for. What are the five things you need to know before you buy or sell?
This guide lists Web sites, publications, government agencies and other sources that provide information about emerging markets.
Will suspending mark-to-market save the banks? The debate, which has been raging in the financial press for months, may finally be moving toward a resolution. What do you think about changing the rules?
According to my new friend at Blackstone, restructuring has a short window of opportunity because, unlike the weather here in London, there are typically more sunny days than rainy days in any given market cycle.
Assessing the work of the Federal Reserve, Frederic Mishkin contends that communication and transparency must counterbalance the necessary independence of a strong central bank.
New research reveals that bond investors extract a premium not only for risk but also for uncertainty.
How mutual funds can limit damage when a run appears imminent.
David Beim discusses why America has little to fear from opening its markets and much to gain from moderating its appetite for deficits.
On March 21 I flew to Omaha — along with 150 of my classmates — to meet Warren Buffett, MS ’51, a man I have admired (some friends would say fanatically idolized) for close to 15 years.
Charles Jones offers some simple advice for appraising the state of the ongoing credit crisis.
The cofounders of Microlumbia tell how their experience at Columbia propelled them to start something big — really big.
There have been reports in the press that the Federal Reserve has been meeting with the U.K. and European central banks to discuss a novel idea: direct purchases of mortgage securities by these central banks to “set a floor” under their prices. This is an appalling idea, and here's why.
What are some of the basic assumptions made in financial reporting? A new paper from the Center for Excellence in Accounting and Security Analysis challenges the existing model.
If you are planning to pursue a VC investment career after business school, a word of advice: get experience doing market sizing and practice, practice, practice.
In a new book coauthored with Jonathan Knee and Ava Seave, Bruce Greenwald explains why performance suffers at so many big media conglomerates, and which media firms will succeed in a changed media landscape.
Warren Buffett MS ’51 is betting that funds cherry-picked by money managers won’t outperform the S&P.
Traditional asset pricing models do not account for changes in the aggregate volatility of the stock market. Does market volatility influence the expected returns of individual stocks?
Participating in the Pershing Square Challenge is the type of experience you go to business school for. Where else in the world do you have the opportunity to pitch a stock to a panel of value investing legends?
At Columbia Business School's 5th Annual Healthcare Conference, industry leaders said they are looking for ways to drive innovation.
Without financial globalization, says Frederic Mishkin, poor nations can't reach the next stage of development.
Does our reluctance to ask potentially embarrassing questions do more harm than good? Professor Seth Freeman explains.
Before working at a venture capital company, I tried for years to figure out how to quickly determine if something is a venture capital investment or a private equity investment.
In some fundamental way, the current market is what Security Analysis is about. We do the same thing regardless of the market: we look for value.
Severe — but infrequent — drops in consumer spending may explain why stocks yield higher returns than bonds.
Differentiating between productivity-driven growth and investment-driven growth leads to a profitable trading strategy.
Drawing lessons from recent and historical financial crises, Charles Calomiris offers policy recommendations for managing risk in global financial markets.
Shareholders are demanding more rights. What are the implications for corporate governance?
Jonathan Knee wants to bring back the traditional values of investment banking's early days -- before junk bonds, LBO funds and the Internet bubble changed everything.
Michael Johannes discusses the impact of events— such as interest rate jumps, employment reports and earnings announcements — on securities and derivatives markets.
Alan Greenspan in Sunday’s FT said the recent financial crisis may be judged in retrospect as “the most wrenching since the end of the second world war.”
How banks can profit from financial models without getting trapped in them.
Columbia Business School faculty members responded to the House defeat of the Treasury’s rescue plan this week.
What long-term structural changes in financial intermediation will result from the subprime turmoil?
Oil prices will continue to fall in the short term, but recovering demand and a limited supply will keep prices moving higher in the long term.
Business academics must train the next generation of managers, financial analysts and investment bankers to understand the critical difference between profit and profitability.
Will oil prices stay at current levels, and how will they affect consumer confidence and the economy as a whole?
The reason India and China went from being peripheral players in the world market in 1980 to the powerful forces they are today didn’t have to do with changes in the global market. It had to do with local changes.
If the financial crisis taught business schools anything, it's that the curriculum can no longer turn a blind eye to pressing policy issues that impact business, says Professor Bruce Kogut.
A new orientation lecture about the financial crisis was created this year to give students an overview of the causes and key issues of the crisis.
As they turn increasingly to hedge funds, how can endowment and pension fund managers create investment strategies that best match their liability streams?
Progressive Personal Accounts — a new plan for reforming the U.S. public pension system — could satisfy Democrats and Republicans.
Is microfinance the key to ending poverty in the developing world? New research findings could help microfinance institutions lower their interest rates and reach more borrowers.
The most recent subject to provoke shivers of anxiety is the rise of sovereign wealth funds, notably the investment by a number of them during the past two months of nearly $20 billion in some leading U.S. financial institutions.
The SEC has issued an emergency order prohibiting naked short selling in 19 financial stocks, but at most, this really just adds more hoops for brokers to jump through.
Many foreclosures are not preventable. However, if a foreclosure is preventable, and the borrower wants to stay in the home, the economic case for trying to avoid foreclosure is strong.
You've measured your risk. Now, where did it come from? New research helps financial institutions to better understand and manage overall portfolio risk.
There has been a lot of emotionally charged rhetoric surrounding sovereign wealth funds. I just don’t buy it. Calls from politicians and the media for sovereign wealth fund regulation miss the larger point.
Professors Michael Morris and Daniel Ames have found that metaphors used by stock market commentators can adversely influence investors.
Economists consider ways the Treasury might price mortgage-related bank assets as part of the government's bailout plan.
Technological tying may allow a market leader to maintain an edge, but innovation is another question.
There are some things that are too small to let fail, such as the young enterprises which are the entrepreneurial backbone of our economy.
We need nimble, innovative risk takers like Goldman and Morgan in the system. What will we do without them?
Corruption — a major barrier to growth and development in poor countries — is difficult to define and even more difficult to measure. Creative research methods are shedding new light on its effects.
New computer and information technologies not only increase productivity, they can transform entire organizations and industries.
Professor Frank Lichtenberg was quoted in an Associated Press article on whether or not the recent economic downturn warrants using the word recession.
Faculty members react to the Treasury Secretary's bailout plan. What do you think of it?
Cheryl Rathbun, a managing director at Citi, spoke with students in September about the future of financial regulation. Banking, she said, may start to look a little more retro.
Bob Hodrick says it’s a myth that oil prices are being driven up by the coordinated efforts of an influential group of speculators.
Dean Glenn Hubbard met with students in a town hall meeting on December 2 for a discussion on the state of the U.S. economy and career prospects for MBA students.
An online tool helps consumers make better retirement choices by demonstrating likely outcomes of their investment decisions.
Professor Andrew Schmidt discusses the impact of Obama's proposed tax code changes. What industries will be affected?
Paul Tierney, chairman of TechnoServe, an organization that provides technical assistance to entrepreneurs in developing countries, explains what works and what doesn't.
What does the future hold for private equity? Dan Primack and David Snow, moderators at today's Private Equity and Venture Capital Conference, share their views.
Telecom is helping the Nigerian economy diversify and move away from its dependence on the traditionally attractive oil and gas sector.
In the 1983 Hermes article "The Superinvestors of Graham-and-Doddsville," Warren Buffett '51 describes the investment principles that so heavily influenced him.
How can credit markets in developed countries help low-income families break the cycle of poverty?
Any successful organization requires growth in order to stay competitive, but how does a comparatively small company continue to grow if it has a limited domestic market?
Glenn Hubbard discusses how an old plan can become a new solution to help the world’s poorest nations lift themselves out of poverty — by putting business first.
Short sellers are often targets in a down market, but without them, argues Charles Jones, prices are off the mark.
Lehman Brothers defied the death knell yesterday and CBS experts believe a Bear Stearns repeat is avoidable.
Michael Mauboussin mines unexpected sources for insight into choice, risk and innovation
Thanks to new work by Professors Paul Glasserman (CBS) and Michael Giles (Oxford), rapid calculations of hedge ratios can happen faster than ever before.
How misaligned incentives between brokers, banks and borrowers encouraged widespread falsification on mortgage applications.
How can banks profit from financial models without being trapped in them? Research by two Columbia professors reveals how successful banks manage their modeling processes.
Do investors learn more from advice or by observing the actions of others?
Are risk models to blame for the financial crisis? Professor Eric Schoenberg says they are and makes a case for what we need to do to fix the system.
Stocks protected by the October shorting ban experienced only a temporary price bump and had their market liquidity degraded, says Professor Charles Jones.
In the late 1990s, Argentina adopted world-class bank regulation and welcomed the arrival of several large foreign banks. Did these changes make it easier for small firms to obtain funding?
Professor Charles Jones says that while the resurrection of the uptick rule will likely reverse the increase in shorting activity that occurred when it was repealed in 2007, its long-term impact will be limited.
The test of the bailout will be whether the government plans to buy banks' assets at a price resembling fair market value.
The decline in housing prices remains the elephant in the room in the discussion of the credit market deterioration. Let’s start there.
Gur Huberman examines why competition hasn't eliminated profits for money managers, and why mutual funds are still priced well below the value of their profits.
Innovative, upstart ventures have a crucial role to play in economic recovery, says Michael A. M. Keehner, who suggests it may be time to give entrepreneurs a stimulus package of their own.
Monday, November 9, is the deadline for banks to apply for the Treasury's Capital Assistance Program. Chances are, none will sign up.
Standard models for tracking bond yields have limited predictive power, but a new model based on macroeconomic variables forecasts yields with a high degree of accuracy.
A strategic model shows how to buy or sell a large position most efficiently.
Columbia Business School's economists respond to the Treasury's plan to recapitalize banks.
A game reveals what lies beneath our most charitable impulse.
When the stock market heads south do you ignore your bank account balance? Professor Nachum Sicherman discusses his research on the links between the ups and downs of the market and consumer behavior.
Professor John Donaldson remembers Pandit as a PhD student here at CBS.
We should remember that however new the risk management methods of today's value investors are, they are based on the extraordinarily durable principles of Security Analysis.
How much should countries spend to avoid the uncertain risk of climate change?
Investors can look to a firm's effective tax rate to yield clues to future earnings.
The sequence in which venture capitalists sign contracts — first with investors, then with entrepreneurs — creates a classic principal-agent problem. How does this three-way interaction affect the pricing of private equity deals?
On September 10, James P. Gorman '87 was selected as the new chief executive of Morgan Stanley.
Regulators now have an opportunity to redeem themselves.
"Your Business School years have coincided with an extraordinary time and now you have a huge opportunity," Paul Calello '87 of Credit Suisse told students in a recent lecture.
How can investors learn to trust a foreign legal system to enforce the rules? Professor Ray Fisman looks at the case of Hermitage Capital in Russia.
Family Wealth Management, a new Executive Education program launched in partnership with the Heilbrunn Center for Graham & Dodd Investing, is designed to specifically address some of the unique challenges facing families with large and complex investment portfolios.
In an recent interview with U.S. News & World Report, Professor Bruce Greenwald discussed how the current market climate affects value investors.
How can creditors protect themselves when a financial institution defaults?
In a WNYC interview, Professor Jones remembers the market manipulation of the Hunt Brothers in the 1970s.
Alan Greenspan’s implicit policy of low and stable inflation needs explicit adoption after he leaves the Fed.
I could have sworn I was at a rock show, not an annual meeting. Yet there I stood outside the Qwest Center in Omaha, Nebraska at 6 a.m.
New financial tools and technologies are poised to change the way microfinance is practiced, says Suresh Sundaresan.
What is the role of the market in addressing social change? Bruce Usher, adjunct professor of finance and economics, says the market is an effective tool for changing behavior.
How will turmoil in global money markets affect the world economy? And what can central banks do to prevent a future credit crunch?
What can be done to overhaul financial regulation? A new report from the Committee on Capital Markets Regulation outlines 57 specific recommendations, including the creation of new financial oversight agency.
If Jerry Springer had a show about business, this panel discussion might have been an early episode.
The Treasury and Fed should not ignore systemic risk just to limit moral hazard. But we cannot and should not try to protect every institution.
As many companies file their financial results this year, they will face the challenge of implementing FASB’s new 800-pound gorilla: recording assets and liabilities at fair value.
Before Lehman's fall, the government played a relatively small direct role in financial markets. Now, the most important player in financial markets is the government.
Turkey is currently undergoing a significant social, economical and political transition. And somewhere in these winds of change lie several interesting opportunities.
One possible explanation for Asian stock market declines a few days ago is that market participants are realizing that Asia is not “decoupled” from economic performance in the United States and the rest of the industrial world.
Bruce Greenwald, director of the School's Heilbrunn Center for Graham & Dodd Investing, shares insights on risk management gleaned from today's value investors.
The expansion of the Fed’s lending has been extraordinary in scale and scope. But it is not the best response to the present credit crunch and may bring unwelcome side effects.
When market shocks occur, firms that have the financial resources to repurchase their own shares experience less volatility.
The combination of financial innovation and a liquidity burst is a classic element of an asset bubble, Professor Frederic Mishkin told students at a recent economic forum.
We need new measures to guard against toxic waste on Wall Street, but we especially need people who understand the machinery.
During a classroom simulation, students were able to witness the failure of a market due to asymmetric information between sellers and buyers.
Particularly in the current volatile economy, investors need to have the right approach for making sense of available data and selecting investments....
In an op-ed, Prof. Frederic Mishkin calls on the Fed to pursue an expansionist monetary policy. Read more...
Columbia Business School’s Executive Education Division announces its 7th annual Value Investing course. Read more...
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Gabelli Funds with the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School Cordially Invite you to the 19th Annual Graham & Dodd Value Investing Seminar Video Conference in London Read more...
Gabelli Funds with the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School Cordially Invite you to the Graham & Dodd Value Investing Seminar Hong Kong Video Conference. Read more...
An investment newsletter from the students of Columbia Business School Read more...
Columbia Business School and the Heilbrunn Center for Graham & Dodd Investing invite you to the 19th Annual Graham & Dodd Breakfast Seminar featuring Jeremy Grantham Chairman, GMO Read more...
Adjunct Professor Michael Mauboussin discusses how investors, like any other group of people, are prone to make mistakes that stem from faulty approaches to decision-making. Read more...
Columbia Business School is pleased to announce eight new members have joined the faculty for the 2009-10 academic year. Read more...
In an op-ed in the Financial Times, Dean Glenn Hubbard calls for policies designed to support local business in the fight against global poverty. Read more...
In an interview with CNBC, Dean Glenn Hubbard shares his thoughts on the pros and cons of the Obama administration’s plan for financial market regulation. Read more...
Prof. David Beim comments on how the the financial crisis has reshaped banking, and what that means for those who teach it. Read more...
“We are optimistic that in the wake of the worst financial crisis in our lifetime, policymakers will embrace bold reform,” Dean Glenn Hubbard said, speaking on behalf of the committee. Read more...
In an interview with Bloomberg, Dean Glenn Hubbard discusses financial market regulation. Read more...
I could have sworn I was at a rock show, not an annual meeting. Yet there I stood outside the Qwest Center in Omaha, Nebraska at 6 a.m. Read more...
Dean Glenn Hubbard and co-authors suggest a new approach to recapitalizing the banking system: the FDIC should take over insolvent banks. Read more...
Based on some of his recent research, Prof. Charles Jones questions the necessity of regulating short-selling. Read more...
Video available for the symposium "Japan's Solar and Wind Ambitions: How Promising is the U.S. Market?" held on February 5 in New York Read more...
Widespread lending risks in the financial sector paved the way for a national credit crisis, Prof. Chris Mayer says. Read more...
In an op-ed, Prof. Joseph Stiglitz lays out a bailout plan that would include temporary nationalization of banks. Read more...
Prof. Bruce Greenwald comments on Warren Buffett's annual letter to Berkshire Hathaway shareholders. Read more...
Citing a dramatic rise in the consumer debt level as a percentage of GDP, Prof. David Beim says that our economic woes stem from the fact that U.S. prosperity has been financed largely with borrowed money. Read more...
Dean Glenn Hubbard comments on the decision by the Federal Reserve not to buy Lehman Brothers' troubled assets. Read more...
Hugh Patrick, Director of Center on Japanese Economy and Business, was featured on the Anderson Cooper 360 blog in a post titled "Three lessons from Japan's economic meltdown." Read more...
In an op-ed Profs. Patrick Bolton, Bruce Kogut and Tano Santos call for the creation of a "crisis resolution board" designed to mitigate future financial crises. Read more...
Prof. Hugh Patrick says Japan's response to its financial crisis in the 1990s was too slow, and that the U.S. should learn from this mistake and act aggressively to shore up its own ailing banking sector. Read more...
An impressive group of speakers gathered at Columbia Business School last Thursday, February 5 for a symposium titled "Japan's Solar and Wind Ambitions: How Promising is the U.S. Market?" The event, organized by the Center on Japanese Economy and Business with the support of the Mitsui USA Foundation, marked the 10th anniversary of the Mitsui USA Foundation's sponsored symposia at Columbia Business School and was the first-ever to include a remote audience of Columbia Business School's alumni association in Tokyo via live webcast. Columbia Business School's Energy Club, Green Business Club, and Japan Business Association also cosponsored the event. Read more...
In an op-ed Prof. Amar Bhidé advocates for a more cautious approach to economic policy. Read more...
Prof. Trevor Harris weighs in on the rules governing how banks value securities. Read more...
Prof. Geoffrey Heal comments on the feasibility of corporate social responsibility during a recession. Read more...
Prof. Andrew Ang offers advice to very young investors. Read more...
Prof. Chris Mayer sees a potential shortfall in the Obama administration's financial rescue plan. Read more...
Prof. David Beim discusses the need for a market for toxic assets and warns against the political allocation of capital. Read more...
The Japan Society, Nomura Holding America Inc., The Women's Bond Club of New York, and the Center on Japanese Economy and Business (CJEB) of Columbia Business School cosponsored the symposium, "America Has Voted: Impact of New U.S. President on Asian Markets" on January 29, 2009. Sitting on the panel were three distinguished speakers: Alicia Ogawa, Director of the Program on Alternative Investments at CJEB; David Resler, Managing Director and Chief Economist at Nomura Securities International, Inc.; and Jeffrey Young, Chief Economist at Platinum Grove Asset Management. Leslie Norton, Foreign Editor, Asia at Barron's moderated the discussion. Read more...
Dean Glenn Hubbard co-authors an op-ed detailing the complexities of the "toxic" asset problem. Read more...
In this article Prof. Amar Bhidé proposes a simpler regulatory regime for the financial system. Read more...
Monetary policy has been effective during the financial crisis—even more so than during normal times, argues Prof. Frederic Mishkin in an op-ed. Read more...
The Center on Japanese Economy and Business (CJEB) and the Weatherhead East Asian Institute (WEAI) of Columbia University held a brown bag lecture titled "Financial Crisis: Impact on Japan and Lessons from Japan" on December 4 featuring Shijuro Ogata, former Deputy Governor of International Relations at the Bank of Japan. Read more...
Video available for the symposium "Lessons From the Japanese Bubble For the U.S." held on November 19 in New York Read more...
The Program on Alternative Investments of the Center on Japanese Economy and Business and the Weatherhead East Asian Institute of Columbia University cosponsored the symposium "Lessons From the Japanese Bubble For the U.S." on November 19, 2008. Two hundred and sixty people attended to hear from three distinguished speakers on how the United States can learn from Japan's bubble experience and avoid its own "lost decade." Read more...
The Program on Alternative Investments of the Center on Japanese Economy and Business organized this conference to examine a variety of issues underlying the debate on sovereign wealth funds in Japan. Speakers consided individual pension account reform, investment by SWFs into Japan, governance of pension funds, management of foreign exchange reserves, and the relationship of these and other issues to building Tokyo as an international financial center. Read more...
In an op-ed Dean Glenn Hubbard offers four action steps President-Elect Obama should take to reinvigorate the US economy. Read more...
Prof. David Beim explains the challenge of deleveraging. Read more...
In this op-ed, Prof. Seth Freeman offers tips for working out “trust supports” to rebuild investor confidence. Read more...
Monetary policy is not the best way to address a bubble, says Prof. Frederic Mishkin. Read more...
Prof. Michael Morris discusses his research findings on how the language used to describe market movement influences investors. Read more...
Contributors to the text’s sixth edition reflected on how the practice of value investing has evolved and what it means to be a value investor today. Read more...
Revised Agenda and All Speakers Confirmed for "The Japanese Government as a Portfolio Manager: Managing the Nation's Wealth" on October 21st in Tokyo Read more...
With New Commentary from Today's Most Prominent Value Investors and A New Foreword by Warren E. Buffett. Read more...
Profs. Bruce Greenwald and Michael Mauboussin offer insights for investing when the market is down. Read more...
Among the keys to solving the current economic crisis are promoting bank recapitalization and stabilizing housing prices, speakers said. Read more...
Dean Glenn Hubbard and Prof. Joseph Stiglitz pose questions on the economy for the second presidential debate. Read more...
In this op-ed Prof. Partha Mohanram explains why the balance sheet deserves more attention. Read more...
Professor Frederic Mishkin warns against the potential consequences of the financial crisis if nothing is done to avert it. Read more...
Professor Suresh Sundaresan expresses concern over the stock market's recent precipitous drop . Read more...
In this op-ed, Prof. Amar Bhide points out the pitfalls of diversification. Read more...
In this op-ed, Professor Charles Calomiris writes that the restructuring of the financial system will challenge the industry's inherent capacity for innovation. Read more...
Professor David Beim draws a lesson on leadership from the financial crisis. Read more...
Research by Professors Michael Morris and Daniel Ames reveals that the language commentators use influences investors' perceptions of market behavior. Read more...
In a candid discussion, Pandit attributed the recent economic turmoil to severe global imbalances and outlined the strategy for Citigroup’s recovery. Read more...
“The core is essential to preparing our students to analyze, decide and lead in an increasingly complex and global business environment,” said Dean Glenn Hubbard. Read more...
The Program on Alternative Investments of the Center on Japanese Economy and Business at Columbia Business School will hold a conference titled, "The Japanese Government as a Portfolio Manager: Managing the Nation's Wealth," from 1:30pm to 5:45pm on Tuesday, October 21 at the Grand Prince Hotel Akasaka in Tokyo. Read more...
With the SEC’s new short-selling rule in effect, Professor Charles Jones recalls a 1932 example of market regulation gone wrong. Read more...
CBS students help bridge the gap between successful African entrepreneurs and capital investment in Professor Murray Low's Master Class. Read more...
Professor Charles Jones explains trading in the futures markets, on the Leonard Lopate Show. Read more...
An evening featuring the remarks of Ben Bernanke, chairman of the Federal Reserve, and Russell Carson '67, cofounder of private investment firm Welsh, Carson, Anderson & Stowe, raised more than $3 million for the School's programs and initiatives. Read more...
Professor Charles Calomiris says selling shares to raise capital is the best way for banks to offset the riskiness of their portfolios. Read more...
Out of a record field of 245 teams from 23 countries, a student team from CBS won the $25,000 grand prize at this year’s Global Social Venture Competition. Read more...
Professor Jonathan Knee suggests that the current financial crisis presents an opportunity for bankers to reflect on their career satisfaction. Read more...
Following the close of a difficult quarter, investors will be watching closely as Citigroup CEO Vikram Pandit ’86 continues his push to turn the company around. Read more...
Rejecting calls for Citigroup’s breakup, CEO Vikram Pandit ’86 has vowed to keep the world’s largest bank intact in order to preserve its wide international reach. Read more...
Alum Jeremy FitzGerald ’90 advises MBA graduates entering the job market not to fear natural market cycles. “It always feels uncomfortable, but you get some perspective on it once you’ve been through it a few times,” she says. Read more...
Student Matt Fink ’09 stays optimistic about job prospects on Wall Street: “Positive thinking, positive thinking, that’s what I tell myself.” Read more...
Commenting on the Treasury Department’s plan to overhaul the regulatory framework for the financial system, Professor David Beim points out the difficult reality of forcing institutions to merge. Read more...
Professor David Beim says highly leveraged companies are finding themselves in a precarious position. Read more...
Professor Charles Jones comments on the importance of maintaining confidence in the U.S. banking system during an economic downturn. Read more...
On Thursday, March 20, the Center on Japanese Economy and Business hosted a zadankai (informal discussion group) titled, Japan’s Economic Prospects: How Good Are They? Read more...
Recent market turmoil has led some MBA students to consider jobs in corporate restructuring: “Sometimes a difficult market creates opportunities,” said Regina Resnick, assistant dean and managing director of the Career Management Center. Read more...
JPMorgan Chase CEO James Dimon wins accolades for leading the bank’s buyout of Bear Stearns, including one from Professor David Beim : “It’s a tremendous deal,” Beim says. “They’ve done everybody a service by coming in as a white knight.” Read more...
Professor Bruce Greenwald comments on the underperformance of IAC’s stock: “When a market is flat or down or not going anywhere and you have overpaid, you look terrible.” Read more...
"On the Public Offering blog, several students at Columbia Business School provide their view on what should be done about the current mortgage crisis. 'We have been living through at least 15 years of continuous asset-price inflation; will a government intervention in this deflation -- whether through buying up mortgages or reducing interest rates -- just create more of the same?' writes Erik Diehn." Read more...
The Columbia Investment Management Association the 11th Annual Conference on Friday, February 1, 2008. Read more...
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The 17th Annual Graham & Dodd Breakfast featured David Einhorn, President of Greenlight Capital Inc. at the University Club in New York City. Read more...
In October, Columbia Business School launched the Center for Excellence in Accounting and Security Analysis (CEASA) Read more...
Building on the School’s many ties to the private equity industry, the new program will bring together students, alumni and prominent industry leaders. Read more...
Professor Mohanram's work discussed Read more...
Dean Glenn Hubbard was featured in the keynote interview at the Wall Street Journal’s first-ever Deal & Deal Makers Conference at the New York Stock Exchange on June 27. Read more...
Frank Tang ’94 of Temasek Holdings — one of the largest overseas investors in China — returned to the School on May 10 as the fourth speaker in the Sir Gordon Wu Distinguished Speaker Forum. Read more...
Article by By Katie Leonberger '08, cofounder of Microlumbia, the student-run microfinance investment fund. Read more...
The Oracle of Omaha agreed to a 30-minute video interview by 3 Columbia MBA students. In what ended up being an almost 1.5-hour session, Mr. Buffett discussed leadership and ethics. Read more...
Bottom Line Article: CBS Japan Business Association student leaders interview Alicia Ogawa, CJEB Director of Program on Alternative Investments Read more...
“Just because we have been the center of the world’s financial markets until now does not mean that we can afford to be complacent about prospects for the future,” said O’Neal. Read more...
The Eighth Annual Mitsui USA Symposium, Investors Unleashed: The Rise of Shareholder Activism, on January 30, 2007. Read more...
Congratulations to Professors Gur Huberman and Wei Jiang, who won the Smith Breeden Distinguished Paper Prize. Read more...
And in particular, how sensitive are participants’ choices to possible framing effects associated with the menu of choices they are offered? Professors Gur Huberman and Wei Jiang set out to answer these questions — and won a Smith Breeden Distinguished Paper Prize in the process. Read more...
Prominent investors, faculty members and students gathered at the Marriott Marquis Times Square for the 16th Annual Graham & Dodd Breakfast last week. Tom Russo delivered the keynote address. Read more...
Christian Lee ’07 discusses his Summer Fellowship in Afganistan. By by David Rosensweig ’07, Bottom Line. Read more...
Dean Glenn Hubbard is cochairing a national committee that will conduct a major study on how to improve the competitiveness of U.S. public capital markets. Read more...
Appointment of Alicia Ogawa as Director of Program on Alternative Investments Read more...
Alicia Ogawa presides over the Roles of Private Equity Investment in the Growing Japanese Economy lecture Read more...
Buy Coca-Cola and sell Google, says Columbia Business School professor Bruce Greenwald. Read more...
At the annual Graham and Dodd Breakfast, Jean-Marie Eveillard describes his investing style as in between Ben Graham and Warren Buffett. Read more...
The global approach to value investing Read more...
The story details the School’s history in shaping the principles of the investment strategy, dating from the groundbreaking 1934 book Security Analysis, by professors Benjamin Graham and David L. Dodd, to the more recent contributions to the field by Bruce Greenwald. Read more...
In Competition Demystified, a new book based on his popular Economics of Strategic Behavior course, Bruce Greenwald offers a simple roadmap for navigating the competitive landscape. Read more...
Charles Calomiris explores changes in global capital flows Read more...
A group of Columbia Business Students attended the Annual Berkshire Hathaway Shareholders meeting in Omaha, Nebraska. Sally Sherry '05 and T. Charlie Quin '06, two Columbia students in attendance, co-authored this article recapping the weekend. Read more...
Glenn Hubbard, dean and Russell L. Carson Professor of Finance and Economics, leads discussion with new MBA students. Read more...
By Bob Bowne '05, Energy Club, Bottom Line. Read more...
Under the leadership of Bruce Greenwald, the Heilbrunn Professor of Finance & Asset Management, the Heilbrunn Center for Graham & Dodd Investing has assembled a full suite of courses. Read more...
In this article from Motley Fool, Mary Chris Gay, from the Legg Mason Value Trust, talks about her investment philosophy, and how she searches for promising ideas and evaluates companies. Read more...
In this five-part series, Professor Bruce Greenwald talks with Motley Fool about identifying franchises, the dos and don'ts of shorting, holding cash, and the investment manager he's betting on. Read more...
A report released at the United Nations Global Compact's Leaders Summit on June 24, 2004, details recommendations by the financial industry to better integrate environmental, social and governance issues into investment analysis, asset management and securities brokerage. Read more...
