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Media Release

Ivey students to gain advice from one of the world's greatest investors

Warren Buffett visit sharpens focus on value investing

 

LONDON, ON, February 23, 2010 - Richard Ivey School of Business students will get a sneak peek into the world of value investing legend Warren Buffett at his company headquarters later this week.

Buffett, chair and CEO of Berkshire Hathaway in Omaha, Nebraska, will open his doors to Ivey MBA and undergraduate students who are enrolled in Ivey's Value Investing courses. The trip is organized by George Athanassakos, Professor of Finance, who heads the Ben Graham Centre for Value Investing at Ivey, which is named after Ben Graham, Buffett's mentor and teacher at Columbia University.

The itinerary for the February 26 trip includes a tour of Nebraska Furniture Mart, one of Buffett's companies, and a question-and-answer session and luncheon with Buffett, who is known as one of the world's best investors and nicknamed the "Oracle of Omaha".

"This is a once in a lifetime opportunity," said Athanassakos. "It's a chance to interact with a financial genius and learn from him."

The concept of value investing, which involves buying stocks at a discount to their intrinsic value, was introduced in 1934 by Ben Graham and David Dodd in their book, Security Analysis.

Buffett was a student of Ben Graham at Columbia University and went on to become a value investing guru. His company has averaged a 25-per cent annual return to its shareholders while employing large amounts of capital and minimal debt. For more on Berkshire Hathaway, visit www.berkshirehathaway.com.

One of the mandates of Ivey's Ben Graham Centre for Value Investing is to develop a program on value investing and promote its methods and benefits. For more on the Centre, visit http://www.bengrahaminvesting.ca.

 

About the Richard Ivey School of Business

The Richard Ivey School of Business (www.ivey.ca) at The University of Western Ontario offers undergraduate (HBA) and graduate degree programs (MBA, Executive MBA, PhD and MSc) in addition to non-degree Executive Development programs. Ivey has campuses in London (Ontario), Toronto, and Hong Kong. Ivey recently redesigned its curriculum to focus on Cross-Enterprise Leadership - a holistic issues-based approach to management education that meets the demands of today's complex global business world.

 

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For more information, please contact:
Richard Ivey School of Business, Dawn Milne, 519-850-2536, dmilne@ivey.ca