Hello Value Investing Students, Alumni, and Friends,

Welcome to the Benjamin Graham Value Investing Program website!

Simon Bill

Value investing is a time-tested and proven investment methodology which focuses on determining the intrinsic value of a company based on its current and historical financial statements. An investment is worthwhile only if there is a strong set of competitive advantages within the business and if a significant margin of safety exists between the company’s intrinsic value and its current market price.Founded in February 2018 by Andrew Atkeson, Humberto Merino-Hernandez, and myself, the Benjamin Graham Value Investing Program gives undergraduate economics students an exceptional education in finance and investing.  With a track record of outstanding course evaluations, program instructors – the three founders plus Simon Board, the first holder of the Benjamin Graham Centennial Chair – teach students to understand the fundamentals of value investing from both a technical and a historic perspective, and to develop the positive behaviors and mindset that will enable them to flourish as they begin their careers. A key strength of our program is its intensive focus on real-world experience and our collaboration with leading firms and practitioners.  These range from program alumni to highly successful investors who have much practical insight to share with our students.  Students who complete the concentration will be well-prepared for a wide range of careers in which they will need to assess investment opportunities, as evidenced by the superior job placements of recent graduates. I hope you are as encouraged as I am by our program’s ever-growing strength, as reflected in the diversity of our incoming cohort and recent career placements. Of course, we could not have done it without the engagement of the value investing community combined with our students’ hard work and dedication. I’d like to thank you for being a part of our value investing community, and hope you enjoy learning more about our program as you click through the information on our website.With best regards,William E. Simon, Jr.Adjunct Assistant Professor and Co-founder,Benjamin Graham Value Investing Program

Program Co-founder Meets Warren Buffett

In December 2018, Professor Bill Simon, co-founder of the Value Investing Program, had the honor to meet super-investor Warren Buffett at his office in Omaha, Nebraska. Here, Mr. Buffett is seen holding the 2018-19 UCLA Value Investing Program t-shirt before their dinner together. On the right is the letter Mr. Buffett wrote Professor Simon on receiving the news that the Value Investing Program had been named for Benjamin Graham, Mr. Buffett’s mentor. The Program could not be more pleased to have the encouragement of Benjamin Graham’s most extraordinary student.

Warren Buffet
Warren Buffet Letter

Value Investing Program Summary

The Benjamin Graham Value Investing Program is intended to prepare undergraduates for a wide range of careers in which they will be faced with the challenge of evaluating investment opportunities and making active decisions to direct capital to enhance value. Such careers include high level executive positions within companies, careers in alternative investment firms such as private equity or distressed debt firms, or in actively managed mutual funds. A student graduating from this program will be able to understand the full set of fundamental economic and strategic forces that favor or disfavor a particular investment opportunity from both a theoretical and historical perspective.

The Benjamin Graham Value Investing Program consists of 1) an academic concentration in Value Investing consisting taught by real-world practitioners known as “Investors in Residence” and 2) the Simon Fellowship, a platform for students to develop a robust community service profile through underclassmen mentorship and events focusing on raising awareness about careers in investing.

investing

Value Investing Program Info Session

Interested in the UCLA Benjamin Graham Value Investing Program and learning more about the 2026-2027 application process? In collaboration with UBS, we will be hosting an Information Session on Thursday, May 15th, from 4:00–9:00 PM at UCLA (location TBA, registration link soon). The evening will feature Program Co-Founder, William E. Simon Jr., Adjunct Assistant Professor at the UCLA Department of Economics and Partner Emeritus at Simon Quick Advisors, along with CIO Dave Iben from Kopernick Capital. Professor Simon will share an in-depth overview of the program and answer questions from prospective applicants. We’re also excited to be hosting a panel of current Value Investing concentrators, so attendees can hear firsthand about their experiences and insights.

For more information, please contact our Program Director, Humberto Merino-Hernandez.

E-mail: hmhernandez@econ.ucla.edu
Direct Line: (310) 825-3050