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2020–2021
Annual Letter
The 2019–2020 academic year brought uncertainty and opportunity as the Heilbrunn Center transitioned to an online format during the spring 2020 semester.
The top priorities for the Center during that time included creating a seamless classroom experience for students in our 16 spring classes; continuing to connect students with practitioners and provide experiential learning and networking opportunities; and capitalizing on the expansive nature of online formats to feature the Heilbrunn Center’s content broadly. A huge thank you goes to our adjunct faculty members, alumni and industry supporters for making this transition successful and robust for the MBA students! We look forward to the new academic year ahead and another successful experience.
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Welcome to the Value Investing Program Class of 2021!
Though the fall semester will look different than past years, the Heilbrunn Center is thrilled to welcome the new class of Value Investing Program students. Each year after a rigorous application process, forty second-year MBA students are admitted to the Program where they complete a set of 6 courses including: Value Investing, Applied Value Investing, Special Situations and Value Investing, Economics of Strategic Behavior, Distressed Value Investing, and Value Investing with Legends. The semester began on August 31 with Tano Santos teaching Value Investing as a virtual block week for the forty students in the Program.

Elective classes for the fall 2020 semester, including those under the Heilbrunn Center umbrella, will be a combination of fully online and HyFlex. The Center has been working hard to create both in-person and online engagement opportunities for students in the Program including a virtual breakfast series with faculty director Tano Santos, outdoor meet-ups for small groups of students, virtual career panels and other talks, and both in-person and virtual advising sessions. Read More.
First Annual Roger Murray Lecture Series and Other Past Events
The Heilbrunn Center recently hosted the First Annual Roger Murray Lecture Series, a conversation between Bruce Greenwald, Robert Heilbrunn Professor Emeritus of Asset Management and Tano Santos, David L. and Elsie M. Dodd Professor of Finance; Faculty Director of the Heilbrunn Center to launch the 2020–2021 academic year. For those who were unable to view the conversation live, a recording can be found here. Read More.
Update on the 5x5x5 Russo Student Investment Fund
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The Heilbrunn Center is pleased to report the selections for the 2020 vintage of the 5x5x5 Russo Student Investment Fund including AON (Freda Zhuo '20), CTAS (Tanya Kostrinsky '20), NUAN (James Shen '20), OTIS (Stephanie Moroney '20), and PYPL (Rodolfo Zeidler '20). Read More.
Value Investing with Legends Podcast
We are excited to launch a new season of the Value Investing with Legends podcast on September 4! Hosted by Tano Santos, the David L. and Elsie M. Dodd Professor of Finance and faculty director of the Heilbrunn Center, in this podcast you will hear from some of the world's greatest investors, their views on the investment management industry, how they developed their investment process and how they see the field changing over time.

Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Drop us a line at valueinvesting@gsb.columbia.edu. To hear past episodes, visit www.valueinvestingwithlegends.com
Get Involved!
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The Heilbrunn Center is always looking for opportunities to bridge theory and practice, create experiential learning opportunities for students and make connections between students, faculty, and practitioners. Read More.
Upcoming Events
We hope to catch you at a future event! Below are a few highlights of what the Center has planned. Read More to see the full list of what we have planned.

The Graham & Dodd Breakfast featuring Jeffrey Smith, Starboard Value
Friday, October 23, 2020

CSIMA Stock Pitch Competition
Thursday, November 5 & Friday, November 6, 2020

24th Annual CSIMA Conference
Thursday, February 4 and Friday, February 5, 2021

Women in Investment Management Networking Breakfast
March 2021

The Pershing Square Challenge
April 2021

“From Graham to Buffett and Beyond” Omaha Panel
Friday, April 30, 2021
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