About the Seminar

  • Competition for portfolio management jobs and alpha (i.e., risk-adjusted excess returns) is fierce
  • Search for value and valuation skills and a deep understanding of what creates value are essential
  • The Seminar provides the skill set and an understanding of value necessary to beat the competition
  • This is done by bridging the gap between theory and practice and hands on training​

Seminar Description

  • The Seminar explores the underlying principles of value investing and sets guidelines for its successful application
  • The Seminar covers
    • The search for value process, how to find possibly underpriced securities and why such underpricing exists in the financial markets
    • How to determine the intrinsic value of a stock and invest in truly undervalued stocks
    • Alternative methods for constructing a portfolio that controls for risk without restricting investment returns
    • Applications – Valuing and investing in real life companies

Students Learn

  • Simple rules to identify stocks that are possibly undervalued with upside potential
  • To put together simple mechanical strategies to form portfolios that in the long run will outperform the market portfolio
  • How value is created
  • In depth valuation techniques to further narrow down the universe of stocks to those that are truly undervalued with larger upside potential than the stocks identified with the simpler rules mentioned above
  • To use the concept of “Margin of Safety” to translate market and intrinsic value estimates into actual portfolio choices and limit risk in away that goes beyond diversification

Seminar Structure

  • The Seminar,  which spans five days, consists of two segments
    • The first segment is based on lectures, where the principles underlying the theoretical aspects of value investing are taught
    • The second segment provides an opportunity to apply these principles by working on, discussing and demonstrating their application through a number of valuations of real life companies
  • Students with the assistance of Dr. Athanassakos value each company during class and a recommendation of “Invest” or “Not Invest” is made

Who Should Attend

  • Undergraduate and Graduate Business Students
  • Portfolio Managers
  • Finance Professionals
  • Finance Executives
  • Individual Investors

Program Leader

Dr. George Athanassakos

  • Professor Athanassakos is a Professor of Finance and the Ben Graham Chair in Value Investing at the Ivey School of Business at Western University
  • He has been ranked among the top 10 researchers in Canada and among the top 10 Canadian professors
  • He has researched extensively the Canadian Capital Markets, Stock and Bond Market Anomalies, and Bond and Equity Valuation Issues both from a Traditional Valuation and Value Investing point of view
  • He is the author of numerous academic research papers and of three books, Derivatives Fundamentals, Equity Valuation and Value Investing: From Theory to Practice (The textbook used in the Seminar).
  • He has offered valuation seminars to Canadian and US valuator societies  and in Australia, Chile, Colombia, Cyprus, Denmark, France, Finland, Greece, Italy, South Africa and the UK
  • He is recipient of teaching awards – his teaching ratings are among the highest given at the University, irrespective of whether the seminars taught were in Canada or abroad
  • A Globe and Mail article entitled “Face time with the stars: High-profile names help business schools attract the brightest students” indicated that Dr. George Athanassakos is a draw for students at the Ivey Business School at Western University and includes him in the club of Canadian superstar teachers
  • Click here to read a research paper by Dr. George Athanassakos that details the performance of the investing decision process taught in the Value Investing Seminar

Certificate

Upon completion of the Seminar, participants will receive a Value Investing Certificate

2023 Seminar Dates

September 25 – 29, 2023. The Seminar is limited to 30 participants.

Pre-Registrations are currently accepted. Payments and registrations, however, will only be accepted starting January 1, 2023.

Seminar Location

Downtown Athens, Greece

Seminar Schedule

DAY-1 
8:30am – 9:00am
Registration
9:00am – 4:00pm
Lecture: Introduction to Value Investing and Searching for Value

DAY-2
9:00am – 4:00pm
Lecture: Valuation – Traditional vs. Value Investing

DAY-3
9:00am – 4:00pm
Lecture: Valuation – Value Investing Specifics / Practical Applications

DAY-4
9:00am – 4:00pm
Lecture: Franchise Value & Valuing Growth / Practical Applications

DAY-5
9:00am – 4:00pm
Lecture: Portfolio Decisions & Managing Risk / Practical Applications

Testimonials

Read Testimonials from Past Seminar Participants.

Further Seminar and Registration Information

Please email info@greekvalueinvestingcentre.com 

We would like to thank Eurobank S.A. and Eurolife  FFH for their generous support that allowed the establishment of the Greek Centre for Value Investing and for supporting the centre’s activities.