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Ben Graham Value Conference IV

Tuesday, June 20 2017
8:00 am – 6:00 pm

Register Now

Early Bird Fees

Members $145
Nonmembers $395

Location

Fordham University – Law School Building
150 W. 62nd St.
New York, NY 10023

Lead Sponsor

Gold Sponsor

In this conference, in honor of NYSSA’s 80th anniversary, we honor the legacy of Benjamin Graham, the founder of NYSSA, and one of the creators of the concept of a Chartered Financial Analyst. We will celebrate the teachings of Benjamin Graham who is also called the father of Security Analysis. The theme of this year’s conference will be Mr Market as taught by Ben Graham. When is Mr Market Right? When is he wrong? Can an investor beat Mr Market? These topics will be explored in keynote speeches, presentations, panels and best-idea pitches. As NYSSA is a leading forum for the discussion of investing, we aim to have the world’s leading value portfolio managers presenting. Portfolio Managers will be from top hedge funds and long-only firms, representing more than $100 billion of AUM. Many of these speakers are proteges of or expected to have connections to Ben Graham and Warren Buffett. Please join us on June 20th to hear the world’s leading value investors discuss these timeless topics. We aim for this to be the largest Ben Graham and NYSSA conference in the history of the organization.

Speakers
Christopher C. Davis
, Portfolio Manager, Davis Large Cap Value Portfolios
Murray Stahl, Chief Executive Officer, Chief Investment Officer, Chairman of the Board of Horizon Kinetics
John Andrew Levin, Chief Executive Officer, Portfolio Manager, Chairman, Levin Capital Strategies
Thomas Russo, Managing Member, Gardner Russo & Gardner LLC
Jim Grant, Founder and Editor, Grant’s Interest Rate Observer
Rupal J. Bhansali, Chief Investment Officer, International & Global Equities
Ricky Sandler, CFAChief Executive Officer, Chief Investment Officer, Founder Eminence Capital, LP
Fred Martin, CFA, President & Chief Investment Officer, Disciplined Growth Investors
Jason Karp, CEO and CIO, Tourbillon Capital Partners
Paul Hilal, CEO, Mantle Ridge LP
Paul Isaac, CEO & Founder, Arbiter Partners Capital management, LLC
Mariko O. Gordon, CFA, Founder & CEO, Daruma Capital Management
Joe Hall, Managing Director, Head of CROCI, Americas: New York
Charles R. Dreifus, CFA, Portfolio Manager, Managing Director, Royce & Associates, LP
Aswath DamodaranFinance Professor, Stern School of Business, New York University
Steve Courtney, Managing Director and Co-Head of Research and Portfolio Management for Value Equity, QMA
Frank Tirado, Vice President, OIC Education
James Russell Kelly, Director, Gabelli Center for Global Security Analysis
Sris Chatterjee, Chair, Global Security Analysis, Gabelli School of Business
Dr. Donna M. Rapaccioli, Dean, Gabelli School of Business

Organizers:
Michael Oliver Weinberg, CFA
Elliot Trexler
Vishal Mishra, CFA

Agenda

Time Subject
8:15-9:00AM  Check-In, Continental Breakfast And Networking
9:00-9:10AM  Opening Remarks
  Michael Oliver Weinberg, CFA, Chief Investment Strategist, Protege  Partners
9:10-9:15AM  Sponsor Remarks: Fordham University
  James Russell Kelly, Director, Gabelli Center for Global Security Analysis
Sris Chatterjee, Chair, Global Security Analysis, Gabelli School of Business
Dr. Donna M. Rapaccioli, Dean, Gabelli School of Business
9:15-9:45AM  Opening Keynote
  Rupal Bhansali, Chief Investment Officer, International & Global  Equities
9:45-10:15AM Best Ideas Presentation
  Ricky Sandler, CFA, Chief Executive Officer, Chief Investment  Officer,  Founder Eminence Capital  LP
10:15-10:25AM Break
10:25-11:10AM Presentation
  Aswath Damodaran, Finance Professor, Stern School of Business, New York University
11:10-11:40AM Best Ideas Presentation
  Jason Karp, CEO and CIO, Tourbillon Capital Partners
11:40-11:50AM Break
11:50-12:35PM Fireside Chat
Mr. Market and Investing in Family Controlled Companies
  Panelists
Thomas Russo, Managing Member, Gardner Russo & Gardner, LLC
Paul Isaac, CEO & Founder, Arbiter Partners Capital management, LLCModerator
Vishal Mishra, CFA
12:35-1:05PM Lunch
 1:05- 1:10PM Sponsor Remarks
Frank Tirado, Vice President, Options Industry Council Education
1:10-1:55PM Panel Discussion
Mr. Market and His Fluctuations: When is he wrong? When is he right?
  Panelists
John Andrew Levin, Chief Executive Officer, Portfolio Manager,  Chairman, Levin Capital  Strategies
Murray Stahl, Chief Executive Officer, Chairman of the Board of Horizon KineticsModerator
Michael Oliver Weinberg, CFA, Chief Investment Strategist, Protege Partners
1:55-2:25PM Presentation
  CHARLES R. DREIFUS, CFA, Portfolio Manager, Managing Director, Royce & Associates, LP
2:25-2:35PM Break
2:35-3:05PM Presentation
  FRED MARTIN, CFA, President & Chief Investment Officer, Disciplined Growth Investors
3:05-3:50PM Fireside Chat
  Paul Hilal, CEO, Mantle Ridge LP
3:50-4:00PM Break
4:00-4:45PM Panel Discussion
  Christopher C. Davis, Portfolio Manager, Davis Large Cap Value  Portfolios
MARIKO O. GORDON, CFA, Founder & CEO, Daruma Capital Management
JOE HALL, Managing Director, Head of CROCI, Americas: New York
Steve Courtney, Managing Director and Co-Head of Research and Portfolio Management for Value Equity, QMA
4:45-4:55PM  Recap Remarks
  Michael Oliver Weinberg, CFA, Chief Investment Strategist, Protege  Partners
4:55-5:25PM  Closing Keynote
  Jim Grant, Founder and Editor, Grant’s Interest Rate Observer
5:25-5:30PM Closing Remarks
  Harumi Urata-Thompson, CFA, Chief Operating Officer,  NYSSA
5:30-6:30PM Cocktails and Networking Reception
 
Thomas Russo (left) and Michael Oliver Weinberg, CFA
 Thomas Russo (left) and Michael Oliver Weinberg
 

 Organizers Elliot Trexler and Michael Oliver Weinberg pose with Jim Grant (center)

(left to right) Michael Lipper, [organizers] Vishal Mishra & Michael Oliver Weinberg, Paul J. Lountzis and Edwin Schloss
Panel 1: “Rule No. 1 is never lose money.” – Warren Buffet
  • Seth Turkeltaub, CFA, Portfolio Manager, Catapult
  • David Poppe, CEO and President, Ruane, Cunniff & Goldfarb
  • John A. Levin, CEO, Portfolio Manager and Chairman, Levin Capital Strategies, LP
  • Michael Weinberg, CFA (Moderator), Chief Investment Strategist, Protege Partners
 

Other speakers included:

John M. Bader, Leon Cooperman, Thomas A. Russo, James Grant, Steven Bregman, Miguel Fidalgo, Brian M. Gillott, Jason Karp and John D. Spears

NYSSA expects all attendees to comply with NYSSA’s Code of Conduct while attending NYSSA events or meetings. NYSSA expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any NYSSA event or meeting.

The New York Society of Security Analysts, Inc. (“NYSSA”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While NYSSA seeks to present accurate and reliable information, NYSSA does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and NYSSA has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. NYSSA is not responsible for any investment decision made by you.

You should not make any financial, investment, trading or other decision based upon any of the information presented at NYSSA without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at NYSSA is at your own risk.

There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. NYSSA does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any NYSSA presentation may not be suitable for investors depending on their specific investment objectives and financial condition.