2010 Security Analysis and the Search for Value conference

As value-investing pioneer and CFA Institute founding father Ben Graham taught more than 75 years ago, there is simply no substitute for the in-depth fundamental analysis needed to determine a company's true intrinsic value as compared with its stock price. But in recent decades, the trend in portfolio management has been to focus on benchmarks and peer risk rather than capital risk — despite evidence that these habits encourage distorted perceptions of value that put investors' capital at risk. In today's volatile markets, investors need independent-minded analysis as never before. They need the perennial wisdom of Graham's approach that continues to guide this popular annual CFA Institute event (formerly titled Equity Research and Valuation) that brings together industry leaders and practitioners.