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Guest Speakers

Presentations from leading value investors enhance the value investing skills that are taught in both the Ivey’s Value Investing program as well as the Value Investing and the Search for Value Seminars. Our speaker series allow students the opportunity to see value investors in action.

Practitioners’ involvement in the program is organized in two parts: First, practitioners present their basic approach to value investing and discuss their style; second, they take students through actual investment decisions. This includes decisions to purchase securities, and how large a position to take, or decisions not to purchase securities. Time is allowed at the end for open-ended student questions.

This page also features presentations from the keynote speakers at the Centre's Value Investing Conferences that cover broad areas of interest to the value investing community and to our students.

Upcoming Guest Speakers

ChouFounder and President, Chou Associates Management Inc., Toronto, ON, Canada (July 31, 2020 -- Seminar on Value Investing and the Search for Value)

Mr. Chou is the President of the Toronto-based Chou Associates Management Inc. Mr. Chou, a CFA, ended his formal education at Grade 12. While working as a technician for a phone company in 1981, he started an investment club that would later become the Associates fund. Mr. Chou has operated two of the country’s most successful funds, Chou Associates Fund and Chou RRSP fund, for the last 20 years. In 2005, the Canadian Investment Award named him the fund manager of the decade. His approach is to “find bargains and maintain discipline; if you cannot find bargains stay in cash”. Currently (2012), Mr. Chou manages more than $650 million for investors in his firm and runs the best performing bond fund in North America according to a Wall Street Journal article. The financial media have extensively covered Francis’ style, performance and character over the years. A media article on Francis can be read here.

For more on Chou Associates Management Inc., see www.choufunds.com/associates.html

Chairman and CEO, Fairfax Financial Holdings Ltd., Toronto, ON, Canada (April 16, 2020 - Fairfax Annual Meeting of Shareholders at Roy Thompson Hall)

Mr. Watsa, Chairman and CEO, Fairfax Financial Holdings Ltd. has invited Dr. Athanassakos and a group of his Value Investing MBA and HBA students to attend the Fairfax annual meeting of shareholders on Thursday, April 16, 2020 at 9:30 a.m. in Toronto, Ontario, Canada. After the annual meeting, students will have an opportunity to meet Mr. Watsa and his team. Mr. Watsa is the Chairman and Chief Executive Officer of Fairfax Financial Holdings Ltd., a financial services holding company, which he took over in 1985. The company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance, as well as investment management. Mr. Watsa is a Chartered Financial Analyst, a graduate of the prestigious Indian Institute of Technology with a degree in Chemical Engineering and a holder of an MBA from the Richard Ivey School of Business of the University of Western Ontario. He is a member of the Board of Trustees of the Hospital for Sick Children, a member of the Advisory Board for the Richard Ivey School of Business and a member of the Board of Directors of the Royal Ontario Museum Foundation, as well as Chairman of the Investment Committee of St. Paul’s Anglican Church.  Fairfax has been one of the few companies to escape the ravages of the great recession of 2008 as Mr. Watsa and his team had anticipated the credit crisis and had taken the necessary steps to protect Fairfax. Mr. Watsa, also known as the Buffett of the North, had discussed his fears about the markets in a key note speech he gave to The Ben Graham Center of Value Investing First Annual Symposium on Value Investing on May 25, 2007. His key note speech can be viewed here.

For more on Fairfax Financial Holdings Ltd., see www.fairfax.ca

*Please note: EVENT CANCELLED (Presentation is rescheduled for March 09, 2021)

Managing Partner and Co-Founder of MSD Capital, L.P., Managing Partner and Co-Founder of MSD Partners, L.P., New York, NY, USA (March 10, 2020, Room 1100, 6:20pm to 8:00pm)

Mr. Phelan is the Co-Founder and Managing Partner of MSD Capital, L.P. He is also the Co-Founder and Managing Partner of MSD Partners, L.P. Prior to forming MSD Capital, he was a Principal for seven years at ESL Partners, a Greenwich, Connecticut-based investment firm. At ESL, Mr. Phelan was responsible for ESL's Special Situation and Distressed Investments and helped grow the firm from $50 million to over $2 billion in assets under management. Prior to ESL, Mr. Phelan was a Vice President in the Equity Group and was in charge of Acquisitions (Western Region) for the Zell-Merrill Lynch Real Estate Opportunity Funds. He began his career at Goldman, Sachs & Co., where he worked as an Analyst in the Investment Banking Division. Mr. Phelan received his M.B.A. from Harvard Business School and graduated Phi Beta Kappa and cum laude with distinction from Southern Methodist University with a B.A. in Economics and Political Science. Mr. Phelan also holds a General Course degree with an emphasis in Economics and International Relations from The London School of Economics. Mr. Phelan is a member of the Board of Trustees at the Whitney Museum of Art, Aspen Art Museum (Chairman), Cold Spring Harbor Laboratory (Chairman of the Investment Committee), Spirit of America and Third Option Foundation. He also serves on the Board of Dean's Advisors for the Harvard Business School, the Investment Committee for the SMU Endowment and the North American Advisory Board for the London School of Economics. Mr. Phelan and his wife Amy have sponsored numerous fellowships and scholarships at Harvard Business School, London School of Economics and Southern Methodist University and in 2008 permanently endowed free admission to the Aspen Art Museum.

For more on MSD Capital, see www.msdcapital.com

Past Guest Speakers