YSSA’s Value Investing Thought Leadership Group presents
Monday August 22, 2016 6:00 PM through 8:00 PM
NYSSA Conference Center
Available as: Live Session
Categories: Market Integrity, NYSSA Author Series™, Programs for Members, Seminar, Value Investing
Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations” is a must-read exploration of the deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this complex strategy and explains the reasoning behind seemingly incomprehensible activist maneuvers. Written by an active value investor, Deep Value provides an insider’s perspective on shareholder activist strategies in a format accessible to both professional investors and laypeople.
The Deep Value investment philosophy described by Graham is rarely available in the modern market, forcing activists to adapt. Current activists exploit a much wider range of tools to achieve their goals. Deep Value enumerates and expands upon the strategies available to value investors today and describes how the economic climate is allowing value investing to re-emerge.
This event will cover:
- Strategies and tactics of effective activism
- Unseating management and fomenting change
- Target identification
- Determining advantageous strategies
- Eyeing conditions for the next M&A boom
Who should attend?
Portfolio Managers and Analysts
Tobias Carlisle is the founder and managing director of Carbon Beach Asset Management LLC. He is best known as the author of the well regarded website Greenbackd, the book Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014, Wiley Finance), and Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012, Wiley Finance). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding Eyquem in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).
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.
Monday, August 22, 2016
6:00 p.m.-8:00 p.m.
6:00 – 7:30 p.m. Presentation
7:30 – 8:00 p.m. Networking
NYSSA Conference Center
1540 Broadway, Suite 1010, (entrance on 45th Street)
New York, NY 10036
$10 surcharge for walk-ins.
Wednesday, August 19, 2016
CFA Institute CEs
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If you are unable to register for this event online, please call (212) 541-4530 for assistance.
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Policies and Procedures
The Money Game by Adam Smith:
We are at a wonderful ball where the champagne sparkles in every glass, and soft laughter falls upon the summer air, we know at some moment the black horsemen will come shattering through the terrace doors, wreaking vengeance and scattering the survivors. Those who leave early are saved, but the ball is so splendid no one wants to leave while there is still time, so everyone keeps asking, ‘What time is it?’ But none of the clocks have hands.
This link provides an excellent video of deep value or contrarian investing; See it!
I am still waiting on a reader to send a copy of Deep Value. Then we can go into a close analysis of the book.
2014-Year-in-Review-Collum from a long-term investor.
Line between rational speculation and market collapse
HAVE A HAPPY AND PROSPEROUS NEW YEAR!