Rob Arnott; Photo by Aaron Schasse
UCLA Anderson hosted its third annual Stock Pitch Competition on February 28, featuring students from some of the top business schools in the country, including Chicago Booth, Columbia, Haas, Ivey, Kellogg, NYU Stern, Tuck, Marshall, Wharton, Yale and host UCLA Anderson. The event was co-sponsored by the Anderson Investment Association and the Laurence and Lori Fink Center for Finance and Investments.
Chicago Booth’s Alpha Bulls took top honors and a $6,000 prize. The team consisted of Henry Arias, Marcus Petersen and Rashmi Pasapula. Kappa Beta Phi, from Yale, featured Zixuan (Shin) Liu, Marcel Logan and Faiz Munshi, and finished second ($4,000 prize). NYU Stern’s Standard Deviation entry, with Jie Ji, Madhukar Ladha, Sajal Dogra and Venay Nyamathi finished third ($2,500). “The quality of teams was very high, even higher than last year,” said Tim Davidson (’08), an equity research analyst with HighMark Capital and a judge in the competition. “The preparation and analysis was exhaustive and first class.”
Rob Arnott, chairman and CEO of Research Affiliates, was the competition’s keynote speaker, offering reflections on a career in finance. Arnott’s talk took a philosophical tone as he noted that he prefers to challenge conventional wisdom. “My natural instinct is to test it, often it’s true and often it isn’t. Sometimes when you take on conventional wisdom you make people angry. I’ve lost friendships. But there are gaps between theory and reality and that’s where opportunities lie. If you find gaps, you develop strategies and find profits.”
To see more photos from the event, click here.
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