Volume 31 Issue 17 10 Jun 2022 11 Sivan 5782

From the Investment Club

Jack Smagarinsky – Year 12

Gabriel Tracton – Year 12

Week 4

We commenced Term 2 Investment Club with a bang, following the Year 12 Half Year exams. In Week 4, the theme was ‘Careers in Finance’. We discussed the different roles and responsibilities associated with different job titles. Most finance careers are segmented into Buy Side & Sell Side.

Week 6 

In Week 6, several Year 12 members of the Investment Club presented on a finance topic of their choosing.

Following the traditional ‘Bull vs Bear’ market overview, we presented about the current state of global financial markets, in the context of rising interest rates and sub-par tech company earnings. 

We hope to see all the students on Friday 17 June 2022 (Week 8) for a highly anticipated guest speaker, Grant McCorquodale, the Co-Founder of Venture Capital firm Parc Capital and past President of the Emanuel School Board.
Luca Moses gave an excellent presentation about fundamental analysis as he dissected the ‘Firm Foundation Theory’, which uses discounting of all future dividends to calculate the intrinsic value of a stock. Luca applied this theory to topical stocks such as Tesla and Paypal, comparing their market price against the calculated intrinsic value to conclude whether these stocks were overvalued or undervalued. 

Anton Blair presented the topic of technical analysis which is the use of stock charts and trends to estimate the future price level of a stock. Anton used examples of up-trends and down-trends, making connections with support and resistance levels. Members of the Investment Club learned about how current market prices don’t necessarily reflect the intrinsic value of a stock.

The meeting concluded with a presentation from Josh Cross and Saul Galambos on IPO’s.

By Jack Smagarinsky and Gabriel Tracton
Founders of the Investment Club