Value Invest London

2nd London Value Investor Conference, 9 May 2013

2013 Conference Overview Video (2 minutes)

 Michael Price speaking at the London Value Investor Conference 2013 (42 minutes)


Photos from London Value Investor Conference 2013



Moderator: David Shapiro

Wednesday, 8th May


Wednesday, 8th May 2013
18.00-20.00 Peter Cundill Reception – See bottom of page

Thursday, 9th May


Thursday, 9th May 2013
08.00-08.50 Registration
08.50-09.00 Opening Remarks – Jonathan Mills, Metropolis Capital
09.00-09.40 Michael Price, MFP Investors – The Peter Cundill Foundation Address
09.40-10.20 Gary Channon, Phoenix Asset Management – Finding Opportunities in Flawed Heuristics
10.20-11.00 David Harding, Winton Capital Searching for Value in Data
11.00-11.20 Coffee and networking break
11.20-12.00 Richard Oldfield, Oldfield Partners – Still Simple, Still not Easy
12.00-12.40 Simon Denison-Smith, Metropolis Capital  The Network Effect
12.40-13.40 Lunch
13.40-14.20 Howard Marks, Oaktree Capital – The Human Side of Investing
14.20-15.00 Nick Purves and Ian Lance, RWC  New Challenges for Value Investors – Is this time different?
15.00-15.40 Jeremy Hosking, How the Money Management Industry Aids Value Seekers
15.40-15.50 Charity speaker, Benita Refson OBE – Place2be
15.50-16.10 Tea and networking break
16.10-16.50 Richard Titherington, J.P. Morgan  Carpe DiEM
16.50-17.30 James Montier, GMO – The Foundations of Value Investing
17.30-18.30 Anthony Bolton, Fidelity China Special Situations FundQ&A Special Situations: East and West
18.30-19.30 Networking Reception


Peter Cundill Reception: 8th May 2013 (6pm-8pm)

To mark the second London Value Investor Conference, The Peter Cundill Foundation generously sponsored a reception on the evening of 8th May 2013, at which the Choir from Canterbury Cathedral performed. The Foundation also made a large donation to the Canterbury Cathedral restoration fund. All conference delegates were invited to attend this reception.

Peter Cundill was one of the most successful investment managers of his generation. Whilst reading about the value investing principles of Benjamin Graham on a flight from Toronto to Vancouver, he had an ‘epiphany’ and determined that “this is what I want to do for the rest of my life”. Over the next 35 years, he built an exceptional track record. He was also a philanthropist and established the Cundill Foundation, which now controls the very considerable wealth he built over his lifetime and supports a wide range of charities.

Michael Price, who knew Peter well, opened the conference with an address dedicated to his memory.

Sign-up for Value Investor Digest

* These fields are required. We will not share your contact details with anyone.

  • “It’s very much the Rolls-Royce of the investor conference market”
    Paul Scott, Stockopedia
  • “The people in that room were a more powerful cadre of the powerhouse of investment than has been gathered for a very long time”
    Jonathan Ruffer, Ruffer LLP
  • “It’s kind of like Glastonbury isn’t it, for the Value Investing community”
    Nick Train, Lindsell Train
  • “What I like about it is that it is a practitioners conference and it’s an opportunity to come and hear from your peers about the work that they are doing and how they see value investing”
    Hassan Elmasry, Independent Franchise Partners
  • “I think people really look forward to it and enjoy it. There’s a good bunch of people here who have travelled a reasonable way – the speaker after me was from Hong Kong and there’s a big Canadian crew and a big US crew – people come from around the world to see this”
    Nate Dalton, Affiliated Managers Group
  • “If somebody’s already been through that process of seeing what the conference is about and then is willing to pay their money for the effort of coming here, that’s a great filtering process.”
    Gary Channon, Phoenix Asset Management
  • “The conference has become a part of the furniture of the London scene. You can discover that is what lies inside you – that you are innately a value investor.”
    Richard Oldfield, Oldfield Partners
  • “I do speak at a fair number of conferences to investor bases, this one is really quite a good list – some very, very good investors present and some very interesting speakers”
    Jon Moulton, Better Capital
  • “Definitely worth it and I know a number of people who have ‘ummed and arred’ about coming along and I’m sure that they will be regretting that they didn’t come today – and it’s only going to get better as far as I can see”
    Tim Green, Private Investor
  • “Having sat through the whole day as I wanted to come and hear all of the speakers – I’ve been really impressed by the quality”
    Anthony Bolton, Fidelity
  • “I’ve got a bunch of business cards to add to my collection and some folks I’ve been looking forward to meeting, plus some firms I didn’t even know existed but sound really interesting and I’m looking forward to building on that relationship base”
    Mason Morfit, ValueAct Capital
  • “You couldn’t find that anywhere else really, where you’re speaking to the principals who have been voted on to the Board [of Microsoft] to effect change”
    David Shapiro, Willis Towers Watson
  • “What I was impressed with is, because the subject is very similar, value investing, they found a variety of ways of attacking the same subject. I was also very impressed, having done this in another location, of seeing them stay on target time-wise so that it moves along at a great pace and I think the audience is greatly rewarded by that discipline”
    Don Yacktman, Yacktman Asset Management
  • “Very well organised and it was a treat for investors like us to hear some great speakers”
    Roli Saxena, Drona Capital
  • “I came last year and I liked it so much that I have been looking forward to today ever since”
    Dominique Levy, Sonian Capital
  • “We’e got a very sophisticated audience who are used to value investing – I think this is a good audience”
    David Samra, Artisan Partners
  • “The profile of the speakers is one of the main reasons that I came”
    Niels Borgen, Private Investor
  • “When you look at the ideas speakers have put forward in previous years and how they have performed over the last few years, they’ve done very well – if that performance continues it would be quite remarkable. It does show that you can pick up some good ideas at a conference of this sort”
    Jonathan Mills, Metropolis Capital
  • “I came last year as well and I thought that it was the most outstanding event that I have been to”
    Leon Boros, Equity Strategies