Hello Value Investing Students, Alumni, and Friends,

Welcome to the Benjamin Graham Value Investing Program website!

Simon BillValue 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 Professor Andrew Atkeson and myself, the Benjamin Graham Value Investing Program gives undergraduate economics students an exceptional education in finance and investing. We are confident our curriculum will equip students with the fundamental knowledge and critical life skills they need to develop their unique talents and launch successful careers in these fields.

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 Professor and Co-founder,
Benjamin Graham Value Investing Program

Dear Value Investing Community,

With another academic year under our belts and a new one about to begin, we are excited to share with you our third annual Benjamin Graham Value Investing Newsletter!

This year’s newsletter has some new sections and includes interviews with various program alumni and Investors in Residence, as well as an interview with our esteemed faculty member, Professor Simon Board (with a link to his inaugural lecture as the Benjamin Graham Chair).  The newsletter also includes Professor Andy Atkeson’s reflections on the pandemic, a profile of our student applicant pool, and a list of our graduates’ stellar job placements.  We hope you will be encouraged by what you read, as we could never have achieved such a high level of success without your hard work and commitment along the way.

We also want to say a special thanks to the members of our Simon Fellowship Newsletter Committee — Amy Walker, Cooper Engelman, Alex Simon, Ryan James, Liam Safar, Vansika Saraf, and Daniel Stempel – as well as to our Value Investing Program work study student, Laura Le. We could not be more grateful for all the hours they spent to produce such an informative and attractive newsletter.

We certainly hope everyone enjoys reading it.  Go Bruins!

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

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 recruitment platform created to provide exceptional undergraduates with avenues to explore careers at hedge funds, private equity firms, and other buy-side roles.

Value Investing Concentration

For more information, please contact Program Managers, Humberto Merino-Hernandez or Tony Winston, for the Value Investing Concentration.

E-mail: hmhernandez@econ.ucla.edu
Direct Line: (310) 500-4289

E-mail: twinston@econ.ucla.edu
Direct Line: (310) 500-4282