The Enduring Value of Roger Murray / / Paul Sonkin, Paul Johnson.

• Superior document: Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2022
• VerfasserIn: Johnson, Paul,; Sonkin, Paul,
• MitwirkendeR: Cooperman, Leon,; Gabelli, Mario,; Kelly, James Russell,
• Place / Publishing House: New York, NY : : Columbia University Press, , [2022]; ©2022
• Year of Publication: 2022
• Language: English
• Series: Heilbrunn Center for Graham & Dodd Investing Series
• Physical Description: 1 online resource :; 7 figures

Roger Murray (1911–1998) was a crucial figure in the history of value investing. A financial professional, economist, adviser to members of Congress, and educator, Murray was the successor to the legendary Benjamin Graham as professor of the securities analysis course at Columbia Business School. There, he mentored generations of students, including Mario Gabelli, Charles Royce, Leon G. Cooperman, and Art Samberg.This book offers a compelling account of Murray’s multifaceted career alongside a series of remarkable lectures he gave late in his life that encapsulated his philosophy of investing. The investing professionals and educators Paul Johnson and Paul D. Sonkin chronicle Murray’s life and accomplishments, capturing his professional triumphs, theoretical insights, and lasting legacy. They highlight Murray’s educational philosophy and mentorship, including personal recollections from his students about his teaching and influence.The Enduring Value of Roger Murray features the transcripts of four lectures Murray gave in 1993, hosted by Gabelli, which became legendary in the investing community. These lectures inspired Bruce Greenwald to ask Murray to co-teach a security analysis course, leading to the resurrection of value investing education at Columbia Business School, which had waned after Murray’s retirement in 1977. Annotated by Johnson and Sonkin, these lectures are now available to a wide audience for the first time. They will be illuminating and instructive for all value investing students and practitioners today.

Table of Contents

Frontmatter -- CONTENTS -- FOREWORD -- A PERSONAL TRIBUTE TO PROFESSOR ROGER MURRAY -- PREFACE -- ACKNOWLEDGMENTS -- INTRODUCTION -- PART ONE. BIOGRAPHY -- 1 MURRAY’S FIRST CAREER Bankers Trust (1932–1955) -- 2 MURRAY’S SECOND CAREER Influential Economist (1950–1998) -- 3 MURRAY’S THIRD CAREER Beloved and Respected Business School Professor (1956–1978) -- 4 MURRAY’S FOURTH CAREER Fund Manager (1965–1970) -- 5 MURRAY’S ROLE IN THE FORMATION OF THE PRIVATE PENSION INDUSTRY (1950–1980) -- 6 THE FIFTH EDITION OF SECURITIES ANALYSIS (1988) -- 7 REBIRTH OF VALUE INVESTING AT COLUMBIA BUSINESS SCHOOL (1993) -- 8 RECOGNITION AND AWARDS (1999 TO THE PRESENT) -- 9 THE “NEW” ROGER MURRAY LECTURE SERIES (2000) -- PART TWO. MUSEUM OF TELEVISION AND RADIO LECTURES -- 10 LECTURE 1—VALUE VERSUS PRICE (January 22, 1993) -- 11 LECTURE 2—INGREDIENTS OF MARKETS AND VALUE (January 29, 1993) -- 12 LECTURE 3—EQUITY PRICING AND CAPITALIZATION RATES (February 5, 1993) -- 13 LECTURE 4—CONVERGENCE OF PRICE AND VALUE (February 12, 1993) -- PART THREE. INTERVIEW -- 14 FULL INTERVIEW WITH PETER J. TANOUS (1996) -- BIBLIOGRAPHY OF ROGER MURRAY’S PUBLICATIONS -- NOTES