Project Punch Card Investing Conference 2023

150 West 62nd Street,New York NY 10023

11 April, 2023

Description

Ticket Prices Will Increase to $999 on April 1st, So Get Your Early Bird Tickets for $350 Now!Are YOU ready to punch in?Our goal at Project Punch Card is to foster long-term investment orientation amongst students underrepresented in the investment research and management business.  Punch Card Conference: “Value Over the Long-Term”The Project Punch Card Conference is an annual event for Project Punch Card, a non-profit focused on long-term investment orientation. The conference will be all about the long term. You’ll hear from thought leaders in the value investing community about what it means to be long-term oriented. Potential Topics What is value over the long term? Is long term value different from short term? How do we foster long-term orientation amongst students? Best IdeasWho is the conference for?  We expect a blend of Portfolio Managers, Investment Advisors, Analysts and Allocators (i.e pension funds, Endowments, insurance, FOF etc). Though the mission of the not-for-profit is for students our events including this conference are geared primarily toward practitioners, i.e. analysts, portfolio managers and other investment professionals, as well as students who aspire to such roles. Marketing and strategic partners such as Smart Women Securities, Forte Foundation and SEO  may also be a material component of the audience composition. About Project Punch Card Project Punch Card (PPC) is a 501(c)(3) nonprofit supporting underrepresented groups in the investment industry; its name comes from Warren Buffett's "punch card" philosophy. PPC is a collaborative effort from industry veterans: Vishal Mishra of Mishra Capital Partners, James Basili of Lightsail Capital Management, Henry Patner of Koa Capital, Andrew Kahn of Kahn Brothers Group, and Lindsey Rubinstein of Opus Capital Management. Confirmed Speakers Include:Leon Cooperman Jonathan BrandtChris BloomstranCheryl EinhornBob RobottiJohn Spears Laura Rittenhouse David MarcusMurray Stahl ​​Joyce ZhangAlix PasquetLeon Cooperman, (Founder, Omega Advisors, Inc., Chairman & CEO, Omega Family Office, Inc.) A designated Chartered Financial analyst, Lee is a senior member and past president of the New York Society of Security Analysts; Chairman Emeritus of the Saint Barnabas Development Foundation; a member of the Board of Overseers of the Columbia University Graduate School of Business; a member of the Board of Directors of the Damon Runyon Cancer Research Foundation; He is a recipient of roger williams university’s honorary doctor of finance and of hunter college’s honorary doctor of humane letters; an inductee into hunter college’s hall of fame; and a recipient of the 2003 american jewish committee (ajc) wall street human relations award, the 2006 seton hall humanitarian of the year award, the 2009 boys & girls clubs of newark award for caring, and the 2009 uja-federation of newYork’s wall street and financial services division lifetime achievement award. In 2013, Lee was inducted into alpha magazine’s hedge fund hall of fame and was honored by the ajc at their 50 th anniversary with the Herbert H. Lehman award for his professional achievements, philanthropic efforts, and longstanding support for ajc. Lee and his wife, Toby, have two sons and three grandchildren. Jonathan Brandt (Research Analyst at Ruane, Cunniff & Goldfarb) Jonathan has over 25 years experience as a buy-side analyst at an NYC-based firm that makes long-term equity investments. He is also a generalist with broad interest and coverage but have an emphasis on conglomerates like Berkshire Hathaway and financial services firms. Jonathan Brandt has worked for Ruane, Cunniff & Goldfarb for nearly 30 years as a security analyst. For several years, he served on a panel of analysts asking questions of Warren Buffett and Charlie Munger at the Berkshire Hathaway annual meeting. Chris Bloomstran (President and Chief Investment Officer of Semper Augustus Investments Group) Christopher P. Bloomstran, CFA, is the President and Chief Investment Officer of Semper Augustus Investments Group. Chris has more than three decades of professional investment experience with a value- driven approach to fundamental equity and industry research. Semper Augustus manages concentrated, all-cap portfolios with typically long holding periods and a general benchmark and geographical agnosticism. The investment process maintains business quality at a high level and stresses the importance of price below intrinsic value. The approach is eclectic, resulting in ownership in some businesses ideally held forever, now fashionably compounders. They own some things cyclically, will own the long side of merger arbitrage, and occasionally have the chance to opportunistically put money to work in oddball special situations with extremely low risk and high upside. Chris received his Bachelor of Science in Finance from the University of Colorado at Boulder, where he also played football. He served as President of the Board of Directors for the CFA Society of St. Louis and has been a Director on the Board since 2001. Chris has judged the local CFA Institute’s Global Investment Challenge as well as the Regional and the Global Finals for many years. A member of the CFA Institute, he earned his Chartered Financial Analyst (CFA) designation in 1994. Chris writes extensively on Berkshire Hathaway, and more broadly on thematical topics related to the stock market and the economy. His annual year-end letter is widely read among the value investing community. He very much enjoys giving back through mentorship and loves speaking regularly at colleges and universities. Cheryl Strauss Einhorn (Founder and CEO of Decisive AREA Method) Cheryl Strauss Einhorn founded Decisive, a decision sciences company that trains people and teams in complex problem solving and decision-making skills using the AREA Method. AREA is an evidence-based decision-making system that uniquely controls for and counters cognitive bias to expand knowledge while improving judgment. Cheryl developed AREA during her two decades as an award-winning investigative journalist writing for publications ranging from The New York Times and Foreign Policy Magazine to Barron’s and The Stanford Social Innovation Review. Cheryl teaches at Cornell University and has authored two books Problem Solved, A Powerful System for Making Complex Decisions with Confidence and Conviction, about personal and professional decision-making, and Investing In Financial Research, A Decision-Making System for Better Results about financial and investment decisions. Her new book about Problem Solver Profiles, Problem Solver, Maximizing Your Strengths To Make Better Decisions, was published in March 2023. Learn more by watching her Ted talk and visiting areamethod.com. Robert Robotti (President and Chief Investment Officer of Robotti & Company) Robert Robotti is the President and Chief Investment Officer of Robotti & Company. Prior to forming Robotti & Company, Incorporated in 1983, Bob was a vice president and shareholder of Gabelli & Company, Inc. He worked in public accounting before coming to Wall Street and is currently an inactive CPA. Bob holds a BS from Bucknell University and an MBA in Accounting from Pace University. Some of Bob's areas of coverage include Special Situations, Energy Industry and Home Building. Bob is the principal of the managing member or general partner of several investment vehicles. Bob currently serves on the Board of Directors of a NYSE-listed real estate company, AMREP Corporation, located in Germantown, PA; as Chairman of the Board of Directors of Pulse Seismic Inc., a seismic data licensing business located in Calgary, Alberta; as an Independent Director of PrairieSky Royalty, a Toronto Stock Exchange listed company located in Calgary, Alberta, having one of the largest portfolios of sub-surface mineral rights in western Canada; as a recently elected Director of NYSE-listed Tidewater, Inc. which owns and operates one of the largest fleets of OSVs (Offshore Support Vessels) in the industry; and was previously on the Board of Directors of BMC Building Materials Holding Corporation, prior to the completion of its merger with Stock Building Supply Holdings, Inc. on December 1, 2015; and Bob had served on the Board of Panhandle Oil & Gas Company, a NYSE-listed diversified mineral company located in Oklahoma City through May 1, 2020. In addition, he serves on the Boards of many non-profit organizations where he generously donates his time and expertise. Previously, Bob was a member of the Securities and Exchange Commission's Advisory Committee on Smaller Public Companies, established to examine the impact of Sarbanes-Oxley Act and other aspects of the federal securities law. John D. Spears (Managing Director Tweedy, Browne Company LLC ) John D. Spears has been with Tweedy, Browne since 1974 and is a member of the firm's Management Committee and Investment Committee. He is also Vice President of Tweedy, Browne Fund Inc., a mutual fund group. Additionally, he is a member of the Board of Managers of Haverford College. Before joining Tweedy, Browne, Mr. Spears had been in the investment business for five years with Berger, Kent Associates; Davic Associates; and Hornblower & Weeks-Hemphill, Noyes & Co. He studied at the Babson Institute of Business Administration, Drexel Institute of Technology and the University of Pennsylvania — The Wharton School. Mr. Spears brings over 50 years of experience to bear in the investment management business. He has spoken from time-to-time on the topics of value investing, investment theory and behavioral finance, as well as co-authored a number of Tweedy, Browne studies and white papers. Laura Rittenhouse (Chief Executive Officer and Founder of Rittenhouse Rankings) Laura Rittenhouse is CEO and founder of Rittenhouse Rankings, a pioneer in Financial Analytics Research. The company measures corporate candor to provide clients with unique insights into operational performance, results, and valuation. A financial and strategic coach, Rittenhouse consults with CEOs and CFOs on how to improve performance and boost revenue by strengthening trust with investors, customers, and employees. A former Wall Street executive, Rittenhouse is a keynote speaker, board advisor and author of Investing Between the Lines, which was endorsed by Warren Buffett. In addition to Acus, Ms. Rittenhouse is an advisor to the Nantucket Project Scholar’s program. Her invention of Candor Analytics was chosen by CFA Institute as a “Future of Finance” initiative and she has been featured on CNN, CNBC, Canada’s BNN, and in the Wall Street Journal, USA Today, BusinessWeek, Forbes, Fortune, Barron’s, Money Magazine, Fast Company, NACD, and IR Alert. David E. Marcus (CEO of the Price Family Office, LLC. and Co-Founder, Chief Executive Officer and Chief Investment Officer of Evermore Global Advisors, LLC.) David E. Marcus is the CEO of the Price Family Office, LLC., the family office of the late Michael F. Price for whom he worked for many years. In addition, Mr. Marcus will continue to be the CEO and CIO of Evermore Global Advisors, LLC, and Lead Portfolio Manager of the Evermore Global Value Fund, which he co-founded in 2009. Beginning his career in 1988 at Mutual Series Fund, where he was mentored by renowned value investor Michael Price, David rose to manage the Mutual European Fund and co-manage the Mutual Shares and Mutual Discovery Funds, representing over $14 billion in assets. He also served as director of European investments for Franklin Mutual Advisers, LLC. In 2000, David founded Marcstone Capital Management, LP, a long-short Europe-focused equity manager, largely funded by Swedish financier Jan Stenbeck. After Mr. Stenbeck passed away in 2002, Mr. Marcus closed Marcstone, co-founded a family office for the Stenbeck family, and advised on the restructuring of a number of the public and private companies the family controlled. David later founded and served as Managing Partner of MarCap Investors LP, which was seeded by Reservoir Capital. David graduated from Northeastern University in 1988 with a B.S. in Business Administration and a concentration in Finance. Murray Stahl (Chairman, Chief Executive Officer, Chief Investment Officer, Co-Founder Horizon Kinetics ) Murray is Chief Executive Officer, Chairman of the Board of Horizon Kinetics and is a co-founder of the Firm. He has over thirty years of investing experience and is responsible for overseeing the Firm’s proprietary research. Murray serves as the Firm’s Chief Investment Officer, and chairs the Firm’s Investment Committee, which is responsible for portfolio management decisions across the entire Firm. He is also the Co-Portfolio Manager for a number of registered investment companies, private funds, and institutional separate accounts. Additionally, Murray is the Chairman and Chief Executive Officer of FRMO Corp. He is also a member of the Board of Directors of the Minneapolis Grain Exchange, the Bermuda Stock Exchange and Texas Pacific Land Corporation. Prior to co-founding the Firm, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. As a senior fund manager, he was responsible for investing the Utility Mutual Fund, along with three of the bank’s Common Trust Funds: The Special Opportunity Fund, The Utility Fund, and The Tangible Assets Fund. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank. Murray received a Bachelor of Arts in 1976, a Masters of Arts in 1980 from Brooklyn College, and an MBA from Pace University in 1985. ​​​Joyce Zhang (Senior Investment Officer at The Wallace Foundation) ​​​Joyce Zhang joined the investment team at Wallace in 2016. She assists the chief investment officer in the management of the foundation’s investment portfolio. Her responsibilities include the monitoring of investment managers, and risk management and analytical support. Zhang received her M.B.A. from Yale University, holds an M.S. in global business from Pepperdine University and a B.S. in electrical engineering from Sun Yat-sen University in Guangzhou, China. Zhang worked as a senior fixed income trader at Ping An Asset Management, one of the largest insurance companies in China. There, she traded Chinese and Hong Kong stocks and international bonds for 200 portfolios with more than $100 billion in assets and was one of the firm’s top traders. Earlier, as an intern at Xin Tian Fund Management, a global macro hedge fund, Zhang analyzed global currencies and commodities, and developed computer models to monitor the Chinese fixed income markets. Zhang is both a chartered financial analyst (CFA) and chartered alternative investment analyst (CAIA).​ Alix Pasquet (Managing Partner at Prime Macaya Capital Management LP) From 2001 to 2002, Mr. Pasquet was a research analyst at Greenlake Capital, a fund of funds. From 2003 to 2006, he ran the internal hedge fund and fund of funds of Quadrant Capital Advisors, the family office of the Santo Domingo family. From 2006 to 2009, Mr. Pasquet was founder and portfolio manager of Peak Macaya Capital Management, a long/short equity hedge fund. From 2010 to 2015, Mr. Pasquet was a portfolio manager of Corwave, an investment firm where he managed internal capital. Mr. Pasquet graduated from Babson College with a BS in Entrepreneurial Studies and a concentration in International Studies. Alix founded Prime Macaya Capital Management LP in partnership with the Burke family. Novisi Nirschl is a Managing Director, Investment Strategy within the Investments Office of Memorial Sloan Kettering Cancer Center where she has been a member of the senior leadership team that manages approximately $8 billion of assets since 2010. In her role, she provides leadership across all asset classes for the entire investment portfolio. She was previously a Vice President at Fortress Investment Group in New York where she primarily made investments in private equity and real asset funds and co-investments. Prior to joining Fortress, Ms. Nirschl worked at Partners Group in the Private Equity Investment Management practice in Switzerland and New York. Prior to that she also worked at Lincolnshire Management investing in leveraged buyouts and at CSFB focused on energy-related M&A. Ms. Nirschl has an MBA from Stanford University’s Graduate School of Business and a BA from Harvard College. She is a Trustee of Sarah Lawrence College where she is a Chair for the Investment Committee and a member of the Finance Committee.