2012 Conference

The Ben Graham Centre's 2012 Value Investing Conference

Stock markets in Canada and around the world had a terrific run from 1982 to 1999. Investors could make money on autopilot, simply by investing in diversified index funds - but not any longer. Nowadays, equity markets have become increasingly volatile. Volatility will intensify in the future as productivity growth slows, taxes, inflation and interest rates increase and baby boomers begin to retire and spend their hard-earned money rather than saving and investing.

The only way to make money in this environment is to be an active portfolio manager and a disciplined and patient stock picker – like a value investor. Selecting the right stocks will do more to mitigate risk than controlling and managing risk through diversification. Value investors have concentrated portfolios, not because they reject diversification, but rather because they choose companies they understand. They buy businesses cheap based on their assets or future earnings and protect their investments’ downside by applying a margin of safety.

If you’re intrigued by value investing, join Ivey Professor George Athanassakos – Canada’s most sought after value investing expert – and a number of high profile value investors and corporate executives at the The Ben Graham Centre’s 2012 Value Investing Conference.

Conference Mission

•	to promote the tenets of value investing as pioneered by Benjamin Graham
•	to expose conference participants to the various value investing methods used by practitioners
•	to encourage and support academic research and study in the area of value investing

The conference will provide a forum to explain, discuss and debate the principles, practices and various applications of value investing from a global context.

Corporate executives will offer an industry perspective of how to look for value creating opportunities and how to create value.

Date and Location

April 25th, 12noon - 6pm at the Board of Trade, First Canadian Place, Toronto.

Cost

Early bird $500 (on or before February 29)

Ivey Alumni $550 (after February 29)

Non-Alumni $650 (after February 29)

Group of 8 $3600

Who should attend the conference?

Anyone with an interest in value investing and value creation - be it an individual investor or practicing professional in the investment management industry.

Conference Program (Click to see full program)

List of Topics and Presenters

Keynote Speech

Topic: Lessons learned from Sir John Templeton
Presenter: Lauren Templeton, Principal, Lauren Templeton Capital Management, LLC

Value Investor Session

Topic: Take a simple idea and take it seriously
Presenter: Wayne Peters, Chairman and Chief Investment Officer, Peters MacGregor Capital Management

Topic: Global trifectas
Presenter: David Winters, Managing Director, Wintergreen Advisers

Topic: Searching globally for outstanding value investments
Presenter: Jeff Stacey, Founding Partner, Stacey Muirhead Capital Management

Topic: Ben Graham’s net-nets are alive, well and working in 2012
Presenter: Mohnish Pabrai, Managing Partner, Pabrai Investment Funds

Corporate Executive Session

Topic: Looking for and creating shareholder value – Industry perspective
Presenters:

Tom Ward, Chief Executive Officer, SandRidge Energy

Marc Betrand, President & CEO, MEGA Brands Inc.

William McMorrow, Chief Executive Officer, Kennedy Wilson

Richard Garneau, President & CEO, Resolute Forest Products