1. Academy 01 Introduction to stock-market investing

2.  Est. 1983 – Lustrum VI  Core: Investment groups  Highlight: Investment Week & Symposium 2 Peter Paul de Vries, B&R alumnus

3. 3 Introductio n Weekend Formatio n Period Kickoff Investment Competitio n Octobe r Social Drinks, Exclusive Events & In- House Days November - Symposiu m Investme nt Week May Investme nt Awards July Academy

4.  By B&R for B&R ◦ Sharing knowledge  Basic to advanced lectures  PowerPoints now, VoD “soon” 4

5.  “The act of committing money or capital to an endeavor (a business, project, real estate, etc.) with the expectation of obtaining an additional income or profit. Investing also can include the amount of time you put into the study of a prospective company, especially since time is money.” - Investopedia 5

6.  Making a profit  Having something to talk about  Thrill  Fun 6

7.  Asset managers 1.Blackrock $3,6tr. 2.UBS$2,3tr. 3.Allianz$2,2tr.  Pension Funds 1.Japan Government Pension Fund$1,4tr. 2.Norway Government Pension Fund$0,7tr. 3.Pensioenfonds ABP$0,4tr.  Mutual Funds  Hedge Funds  Companies 7 You!

8.  Money markets 8  Bonds  Commodities  Indices  Derivatives

10.  First stock exchange in the 17 th century ◦ Dutch East Indies Corporation  Not much has changed 10

11.  Thomas has a company  Thomas needs money  Thomas raises 20$ from Daniel by issuing stocks 11 Thomas 60$ Thomas 60$ Daniel 20$

12.  Company wants to raise money ◦ More investments ◦ Change the capital structure  Liquid instrument  Dispersion of ownership  People wants stocks because of good returns 12

13.  Value derived from dividends  Anticipation of the future  Gordon Growth Formula 13

14.  Growth/Value ◦ Is the stock price mainly driven by the company?  Pro/Anti cyclical ◦ How much does the stock price move with economy?  Trend/momentum ◦ Will the stock behave in the same way as last year? 14

15.  Growth/Value ◦ Is the stock price mainly driven by the company?  Pro/Anti cyclical ◦ How much does the stock price move with economy?  Trend/momentum ◦ Will the stock behave in the same way as last year? 15

16.  Country ◦ German stocks  Industry ◦ Pharmaceuticals  Style ◦ High dividend yield  Combination ◦ German pharmaceuticals with a high dividend yield 16

17.  What’s a stock index?  What’s their function? 17

18.  Dutch Tulip Mania 18

19.  Internet bubble  Housing bubble  Credit bubble ...  Oil bubble? 19

20.  Watch financial news  Next week: ◦ Bonds ◦ Buying a stock ◦ Binck 20