06-10-2014 The Value of Value Investing

Tuesday, June 10th


Stephen Horan, PhD, CFA, CIPM
Managing Director & Co-Lead, Education
CFA Institute

Chair: Don Brown, CFA

A Book Club Committee Sponsored Event

Value investing has its roots in the work of Graham and Dodd.  But value is often in the eye of the beholder.  This presentation highlights the many ways in which investors define value, how it varies over time, and how it compares to growth investing.  It quantifies the size of the value investing opportunity as well as compares and contrasts the many ways to measure value.  It also describes some of the unique market, cognitive, emotional, and investment constraint obstacles to implementing a successful value investing program. 

Stephen Horan is managing director and co-lead of education activities at CFA Institute. Prior to joining CFA Institute, he was a principal of Alesco Advisors, LLC, and a professor of finance at St. Bonaventure University.






As a participant in the CFA Institute Approved-Provider Program, the
CFA Society of Los Angeles has determined that this program qualifies
for 1 credit hours. If you are a CFA Institute member, CE credit for
your participation in this program will be automatically recorded in your CE Diary.

Registration Links:
CFALA Members: $20.00 (place cursor on amount for link)
Student Discount: $30.00 (Valid Student ID required at the event)
Non-members: $50.00 (place cursor on amount for link)

Date: Tuesday, June 10th, 2014

Time: 12:00pm – 1:30pm, Lunch

Location: Millennium Biltmore Hotel Los Angeles  
                 Bernard Room
                 506 South Grand Avenu
                Los Angeles, CA 90071-2607

Parking: Hotel Valet Parking: $20.00
               Self-Parking at Pershing Square (located directly across the street on Olive St.): $10.00

Dress Code: Business Casual

Payment Information:

Methods of payment accepted: Visa/Mastercard, American Express and Discover. If you prefer to pay by check please register online and select "purchase order" as your payment option and enter your last name as the purchase order number. Mail check to: CFA Society of Los Angeles, 520 S. Grand Ave, Suite 370, Los Angeles CA 90071.

*Credit card payments will only be accepted through the secure online registration, and not by phone or email.


Cancellations must be received in writing by 9:00 am the day prior to the event. No phone cancellations are accepted. Please fax to the CFALA office at (213) 613-1233 or e-mail info@cfala.org. Member “no-shows” will be billed the non-member fee ($50) for the event which is posted on the CFALA website.




 ©2014. CFA Society of Los Angeles, Inc. All rights reserved.

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