The Enduring Value of Roger Murray

Paul Johnson has been an adjunct professor at Columbia Business School for more than thirty years, teaching courses on value investing and security analysis. He contributed to two Columbia Business School Publishing books, The Most Important Thing Illuminated (2013) and Columbia Business School: A Century of Ideas (2016). Paul D. Sonkin was a portfolio manager at GAMCO Investors, Inc., where he co-managed the TETON Westwood Mighty Mites Fund, a value fund that primarily invests in micro-cap equity securities. He was for many years an adjunct professor at Columbia Business School and is coauthor of Value Investing: From Graham to Buffett and Beyond (2001). Johnson and Sonkin are coauthors of Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street (2017).

Foreword, by Mario Gabelli and Leon Cooperman
A Personal Tribute to Professor Roger Murray, by James Russell Kelly
Preface
Acknowledgments
Introduction
Part I. 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 II. 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 III. Interview
14. Full Interview with Peter Tanous (1996)
Bibliography of Roger Murray’s Publications
Notes