An Advanced Seminar on Value Investing:
How to Decipher Financial Statements,
Avoid Value Traps, and Pick Investment Winners

Workshop in action

Whitney Tilson & Glenn Tongue

In this intensive seminar on Monday, May 4, 2009, Whitney Tilson and his co-portfolio manager Glenn Tongue will share experience and insights from their very successful investment careers. You’ll rapidly master advanced value investing concepts, including how to identify value opportunities and avoid value traps. Actively participating in this Pre-Congress Workshop will help you improve your investment results and prepare you to maximize your benefits from attending the 4th Annual Value Investing Congress West on May 5-6, 2009.

Utilizing more than 15 case studies you’ll learn how to:

• Find potentially undervalued stocks
• Analyze and interpret financial statements
• Estimate a company's intrinsic value and invest only with a substantial margin of safety
• Spot 5 hidden problems that indicate a dangerous stock
• Learn how to conduct effective "scuttlebutt" research
• Identify "hidden" red flags in footnotes to financial statements
• Distinguish between companies suffering short-term problems and those that are permanently impaired
• Judge management's operating skills, integrity and capital allocation decisions
• Avoid 7 costly mistakes most investors make
• Identify catalysts that will unleash value