Bruce Greenwald is one of the most prolific Value Investing teachers out there.
His superpower is simplifying complex subjects like valuation and competitive analysis to help investors beat Mr. Market.
Here's a thread on my favorite Bruce Greenwald knowledge resources ... 🧵
1/ YouTube Lecture Series
This is my favorite YouTube resource.
You can watch 13 2HR+ lectures from Greenwald's Columbia Business School classes.
Why pay thousands when you can pay $0 for world-class education?
2/ Podcasts (Part 1)
Greenwald has appeared in a few podcasts. Here are my favorites:
• Staying on the Right Side of the Trade: podcasts.apple.com/gy/podcast/bru…
• Value Investing & Specialization:
• Are Corporate Profits Sustainable:
3/ Podcasts (Part 2)
• A Deep Dive Into Value Investing: open.spotify.com/episode/0OWLxQ…
• Value Investors Must Adapt or Face Failure: podcasts.apple.com/ke/podcast/val…
4a/ Binge-worthy PDFs: "Basic Structure of Investment Process and Valuation"
43 slides containing info on competitive advantage, barriers to entry and earnings power value.
Link: csinvesting.org/wp-content/upl…
4b/ Binge-worthy PDFs: "Introduction to a Value Investing Process"
This is 62 pages of notes from Bruce Greenwald's various lectures.
The power in this document is learning via repetition. Ingraining in your brain Greenwald's lessons.
Link: csinvesting.org/wp-content/upl…
4c/ Binge-worthy PDFs: "The Greenwald Method"
Mats Larsson deconstructs Greenwald's investing process from first principles.
It's 18 pages of gold.
Link: static1.squarespace.com/static/5325c4b…
4d/ Binge-worthy PDFs: "Three slices of value"
CapitalIdeasOnline breaks down Greenwald's process into three key elements:
• The value of assets (tangible + intangible)
• Earnings Power Value
• Value of Growth
Link: capitalideasonline.com/wordpress/thre…
4e/ Binge-worthy PDFs: "The Future of Value-Oriented Investing"
Transcript of Greenwald's interview with @MOIGlobal
Key topics:
• Future of value investing
• Bruce's latest book
• Why value investing needs to change
Link: moiglobal.com/bruce-greenwal…
4f/ Binge-worthy PDFs: "Bruce Greenwald Guest Lecture"
This one is super cool.
It features more macro thoughts from Bruce, as well as corporate governance commentary.
File this under "Deep Tracks."
Link: millstein.law.columbia.edu/sites/default/…
5/ Twitter Threads
Daniel (@MnkeDaniel) has the best thread on Greenwald I've seen on Twitter.
He dissects Bruce Greenwald's class notes and derives his most important insights.
Check it out here:
6/ Conclusion
I hope you enjoyed this thread and found some great weekend reading/listening material.
If you want an easier to read version of the above, check out my post below.
Also, if you liked this thread, please RT and share w/ friends!
macro-ops.com/my-favorite-br…
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