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GSB to Introduce Value Investing Course


Published: Tuesday, March 29, 2011

Updated: Wednesday, March 30, 2011 01:03

The Gabelli School of Business will offer a course in Value Investing beginning in the spring of 2012, according to a verbal commitment by Dr. Donna Rapaccioli, dean of GSB, to SiHien Goh, United Student Government vice president of GSB '13, who submitted a USG-supported proposal for the course. Stephen Erdman, vice president of FCRH '13, co-wrote the proposal with Goh.

Value Investing is a unique approach to investment analysis that incorporates qualitative factors, such as caliber of management and sustainable business practice, in addition to just quantitative factors determined by a mathematical model. 

With a goal of identifying companies that have unrealized value in the current market or seem underpriced, value investing has produced very profitable results for many entrepreneurs, including Mario Gabelli, GSB's namesake and CEO of his own investment firm.

"When I realized that Gabelli is a huge advocate of value investing and even graduated from the famed Value Investing program at Columbia's Graduate Business School, I thought that it would be a waste if Fordham passes up the chance to do something significant about it," Goh said.  "The announcement that a large part of Gabelli's $25 million donation would be going to a value investing research center called the Center of Global Investment Analysis is a huge impetus for the school to do something concrete."

"A few months went by, however, and nothing seem[ed] to be in the works," Goh said in explaining his motivation for proposing the course in order to demonstrate students' interest in such a program.

Although most students are not yet aware that the course will be made available, the general response so far has been positive.

"As a finance major, this would interest me greatly, and I would absolutely take courses that focused on value investing," Alex Wiggins, GSB '13, wrote in a letter of support for Goh and Erdman's proposal that she sent to Rapaccioli.

"Through my involvement in Smart Women's Securities, I have grown to appreciate the concept of value investing," Rebecca Horne, GSB '13, chief development officer for SWS, a student club that focuses on personal finance skills and value investing techniques, said. "I am very excited for other Fordham students to be exposed to this type of analysis through a formal course."

Implementing a Value Investing course would make Fordham part of an innovative group of undergraduate institutions whose business schools offer such an opportunity. 

Goh emphasized the positive ramifications of this addition to the curriculum, both in terms of competition with other business schools and reputation in the financial services industry.  

"A well-established Value Investing program that draws attention to our school could help entice front office investment banks to actually show up to our career fairs and hire our students," Goh said.

"No longer would Fordham be known only as a feeder for accounting firms."

Goh received a senate commendation for his efforts on the creation of this course, which Sara Kugel, FCRH '11, executive president of USG, called "one of the greater academic achievements of the year."

"I know it's sometimes hard to get the ball rolling on academic issues," Kugel said. "But no one can argue that what you've done here is insignificant." 

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