"BUY WHEN EVERYONE IS SELLING AND THEN HOLD UNTIL EVERYONE IS BUYING"

- John Paul Getty -

Uris-Entrance

Incoming Students

Hi Incoming Students,

We look forward to meeting you all on campus. We appreciate your excitement for investing. Many of you have reached out for advice on how to prepare for business school and investment management. We recommend that you take advantage of your free time before school starts.

Read

We recognize that each of you are coming from different backgrounds. We have provided a carefully chosen and broad reading list. This list is based on conversations with current students and what they found most helpful for coursework and recruiting.

Introduction to Value Investing: These books are foundational and essential

  • Intelligent Investor (Benjamin Graham)
  • Value Investing: From Graham to Buffett and Beyond (Bruce Greenwald)
  • Analyst Cookbook (Peter Elliott) – Request to borrow this book once school begins from the Heilbrunn Center

Assessing Business and Management Quality

  • Competition Demystified (Bruce Greenwald)
  • The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success (William N. Thorndike)

Value Investing Legends

  • The Essays of Warren Buffett: Lessons for Corporate America (Warren Buffett and Lawrence Cunningham) or Berkshire Hathaway Shareholder Letters
  • Money Masters of Our Time and New Money Masters of Our Time (John Train)
  • Buffett: The Making of an American Capitalist (Roger Lowenstein)

Periodicals: Get in the habit of reading these to be aware of important news and secular trends

There are many great books on investing, behavioral psychology, and investor biographies that we have not mentioned. An additional list can be found at Heilbrunn Center for Graham & Dodd Investing.

Practice

At Columbia Business School, there will be monthly Investment Ideas Club meetings to give you an opportunity to pitch in front of investment professionals. The first meeting begins in mid-September. Given how busy your schedule will be once school starts, we recommend preparing one or two investment write ups before you begin. Sample student write-ups can be found in recent Graham and Doddsville Newsletters. Other examples can be found on Value Investors Club and SumZero.

Network

Speak to as many alumni and practitioners to learn about the job and get advice they have prior to business school.

If you have additional questions, feel free to reach out to Pei Huang
( This email address is being protected from spambots. You need JavaScript enabled to view it. ) and Anjali Verghis ( This email address is being protected from spambots. You need JavaScript enabled to view it. ).

Best regards,

CSIMA