B&R Education

The B&R Academy is the best method for learning many things about investing. There is an academy every week on Thursday from 17:00 to 19:00 on campus. These academies will teach you everything you need to know about investing. The academies will cover theoretical concepts you may already know from your study, but from the perspective of an investor. This way you can translate these concepts and apply them to real-world examples. The academies will start from the basics but build up the level quickly, so you will be an experienced investor at the end of the year.

To attend an academy, it does not matter if you are a first year or master student; we aim to keep it interesting for everyone. The academy tracks consist of three academies each. Academy 1 of each track will introduce you to the topic and help you get a feeling for it. Academy 3 will cover advanced topics, and the second academy covers the parts between academy 1 and 3. The academies are separated into the following six tracks:

  1. Fundamental Analysis: This track will teach you about the underlying drivers of the value of companies. You will learn how to spot good (cheap) companies and how to deal with special situations such as a mergers or IPO’s.
  2. Technical Analysis: Technical Analysis will teach you about analysing the movements of stock price. One of the main applications here is to determine when to execute a trade.
  3. Derivatives: Gives an insight in how turbo’s, options, futures and many other financial products work.
  4. Macro Investing: Covers topics like foreign currencies, commodities and interest rates.
  5. Portfolio Management: This track will teach you how to manage a portfolio properly.
  6. Alternative Investments: Here you will learn how a private equity fund or a hedge fund works.

ACADEMY MAIL

By subscribing to the academic e-mail, you make sure you will get the most out of the academies. Via this bi-weekly e-mail, you will receive a summary of the theory that will be dealt with during the academy. Besides the fact that you know what to expect, you will also get comfortable with the subject much faster. When the basic theory is already vaguely known, we can also deal with some cases during the academy. This emphasises the link between the theoretical of the academy and the practical of the investing with your group.

Please fill in the form below to subscribe for the B&R Beurs Academy Mail!




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Are you enjoying the B&R Academies so far? Make sure everyone knows that you are knowledgeable about investing and participate in the Investor Exam. From January 2018 onwards the subscriptions will be open for the Investor Exam in May 2018. Here you have the opportunity to test yourself and improve your CV.

The exam is based on the investment articles. The learning goals will be translated into questions and cases that you will have to complete within three hours. Don’t worry if you didn’t attend all the academies.  All questions are based on the material in the Academy Articles solely; additional material discussed in the Academy will not be tested.

In order to pass the exam, you will have to specialize in Academy Tracks according to your preferences. The minimum requirement is to take at least two tracks on level 3, four tracks on level 2 and all tracks on level 1. Within a track, every academy represents a level. Hence, if you choose to do Fundamental Analysis on level 2, you will prepare the first 2 academies. Each level of each track will have 5 multiple choice questions.

When the subscriptions open you can apply to have access to the Investor Exam Dropbox and Facebook page. Here you can find all relevant materials, discussions and questions. Additionally, a practice exam will be made available three weeks before the actual Investor Exam. If you have any other question you can send an email to career@bnrbeurs.nl.

Last year, 50% of the attendants passed the exam! Are you becoming one of the elite B&R members with an Investor Certificate? B&R Beurs and CAIA encourage you to challenge yourself and apply for the Investor Exam!


Do you still have questions about the exam? Send an email with your question to career@bnrbeurs.nl!

You have probably heard of Bloomberg, but do you know how it works and what the possibilities are? Two enthusiastic B&R members will teach you how to make yourself comfortable with this amazing machine. During the Bloomberg Cycle you will participate in 4 workshops: Introduction & Navigation, Analysis, Portfolio Management and Derivatives.

Each workshop you will receive a guide specifically made for the topic that day. By completing this guide you will become familiar with the Bloomberg Terminal and take your investments to the next level. Two Academy Committee members will be available to help you with additional questions. Unfortunately, we require you to have basic investment knowledge for the cycle in November. Therefore, we will have a CV selection with a preference on B&R members that are in their (pre-) master of third year of their bachelor. Are you in your first or second year of your bachelor? Don’t worry! The Bloomberg Cycle will return in January/February 2018 for you!

Are you ready for this challenge? Apply now and come to our workshops on Wednesday 1, 8, 15 and 22 November at 5pm in Y3-18!

Application form:






Upload here your CV





Note: please don't forget to check your spambox for the confirmation e-mail!

RECOMMENDED BOOKS
Starter

A Random Walk Around Wall Street – Burton Gordon Malkiel (Highly recommended)

Good introduction into investing in general. Fundamental analysis is discussed along with academic research about the market. Lots of clichés but teaches healthy approach to investing. The book can also be found online for free.

The Market Maker’s Edge Josh Lukeman

The book tries to combine fundamental and technical analysis, teaches timing and shows you how to keep control over your investments. A great book to start with!

The Intelligent Investor – Benjamin Graham

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

The Financial Industry

Young Money – Kevin Roose (If you want a career in finance)

A journalist follows two students for two years who just started a career at a large investment firm. Everyone shares his or her personal experiences about the world, what happens and what is expected.

Liar’s Poker – Michiel Lewis (Must Read)

A trader wrote this book after his personal experience in the world. It tells the story from the perspective of a trader, pros and cons.

Money and Power: How Goldman Sachs Came to Rule the World – William D. Cohan

Thorough report on the existence of Goldman Sachs and its growth. It goes through the highs and lows of bank. Personal experiences from within the bank are especially interesting.

Swimming with the Sharks – Joris Luyendijk

A book written from hundreds of interviews Luyendijk conducted while writing a blog about banking for the guardian. A stunning report from an outsider, Luyendijk is an anthropologic by training and has spend years in the middle east, as he tries to understand the city and talks about the unpopular middle office.

The Big Short – Michiel Lewis

Book about the financial crisis and the trading of mortgage backed securities and accompanying swaps.

FlashBoys – Michiel Lewis

Explains how High-Frequency Trading really works, how people make money with it and the effect on the general market. It tells how people with zero knowledge of investments make on the stock market.

Too Big to Fail – Andrew Sorkin

A book about the financial crisis with a focus on governmental action. Especially the FED and Paulsen are discussed. A good book to read to get an understanding about the behind the scenes of bail outs and how solutions are thought up.

Fundamental Analysis

Margin of Safety – Seth Klarman

Margin of Safety explains the philosophy of value investing, and perhaps more importantly, the logic behind it. It demonstrates why it succeeds while other approaches fail. The blueprint that Klarman offers, if carefully followed, offers the investor the strong possibility of investment success with limited risk.

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits – Joel Greenbatt

A comprehensive and practical guide to the stock market from a successful fund manager—filled with case studies, important background information, and all the tools you’ll need to become a stock market genius. This book focuses especially on special situations.

Technical Analysis

Technical Analysis Explained: The Successful Investor’s Guide to Spotting Investment Trends and Turning Points – Martin J. Pring

Whether you’re trading cornerstone commodities or innovative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future.

Fibonacci Trading: How to Master the Time and Price Advantage – Carolyn Boroden

Fibonacci Trading provides a one-stop resource of reliable tools and clear explanations for both identifying and taking advantage of the trade setups naturally occurring in the markets that will enable you to reach the highest rate of profitable trades. Inside, you’ll find a unique trading methodology based on Fibonacci ratios, and the author’s personal experience analyzing and setting up the markets in real time, which makes this practical volume invaluable to the self-directed investor.

Derivatives

Exotic Options and Hybrids: A Guide to Structuring, Pricing and Trading – Mohamed Bouzoubaa and Adel Osseiran

Exotic Options and Hybrids is a practical guide to structuring, pricing and hedging complex exotic options and hybrid derivatives that will serve readers through the recent crisis, the road to recovery, the next bull market and beyond. Written by experienced practitioners, it focuses on the three main parts of a derivative’s life: the structuring of a product, its pricing and its hedging.

FINANCIAL DERIVATIVES: Pricing and Risk Management – Robert W. Kolb and James A. Overdahl

If you want to understand derivatives without getting bogged down by the mathematics surrounding their pricing and valuation, Financial Derivatives is the book for you. Through in-depth insights gleaned from years of financial experience, Robert Kolb and James Overdahl clearly explain what derivatives are and how you can prudently use them within the context of your underlying business activities.

Portfolio Management

Investment Analysis & Portfolio Management – Frank Reilly and Keith Brown

Investment Analysis and Portfolio Management teaches how to manage their money to derive the maximum benefit from what they earn. From asset allocation to selecting investments in a global market, this book gives readers a solid foundation in personal finance and presents the same tools used extensively by professionals, organizations, and schools across the country. Filled with real-world illustrations and hands-on applications, this book takes a rigorous, empirical approach to modern topics such as investment instruments, capital markets, behavioral finance, international investing, globalization, the impact of the 2008 financial market crisis, and changes in rating agencies and government agencies such as Fannie Mae and Freddie Mac. Practical and up-to-date, the book is an excellent resource for those with both a theoretical and practical need for investment expertise.

Asset Management: A Systematic Approach to Factor Investing – Andrew Ang

Professor Andrew Ang presents a comprehensive, new approach to the age-old problem of where to put your money. Years of experience as a finance professor and a consultant have led him to see that what matters aren’t asset class labels, but instead the bundles of overlapping risks they represent. Factor risks must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so.

Macro Investing

The Alchemy of Finance – George Soros

The Alchemy of Finance, Soros presents a theoretical and practical account of current financial trends and a new paradigm by which to understand the financial market today. This edition’s expanded and revised Introduction details Soros’s innovative investment practices along with his views of the world and world order. He also describes a new paradigm for the “theory of reflexivity” which underlies his unique investment strategies. Filled with expert advice and valuable business lessons, The Alchemy of Finance reveals the timeless principles of an investing legend.

Higher Probability Commodity Trading – Carley Garner

In its quest to guide traders through the process of commodity market analysis, strategy development, and risk management, Higher Probability Commodity Trading discusses several alternative market concepts and unconventional views such as option selling tactics, hedging futures positions with options, and combining the practice of fundamental, technical, seasonal, and sentiment analysis to gauge market price changes.

Job Interview

Are You Smart Enough to Work at Google – William Poundstone

This books deals with job interviews, what is to expected and how to prepare. A good and useful read.

Corporate Finance

Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions

A must-read for up start banker. It deals in dept with valuations of companies and gives good practial scenario’s.

Alternative Assets

Barbarians At the Gate – Bryan Burrough and John Helyar

This book tells the story of the biggest deal in Private Equity of all time: RJR Nabisco. The deal has gone down in history as the biggest example of corporate greed which makes the book that more interesting. It gives a good overview of an M&A deal and how the industry functions.

King of Capital

This book tells the story of the rise of Blackstone, one of the largest private equity companies in the world. Blackstone has a fascinating and turbulent history making it a worthwhile read.

Fooling Some of the People All of the Time – David Einhorn

The story of a successful value-orientated hedge fund manager who made lots of money on the bankruptcy of Lehman Brothers. It shows how short-sellers are viewed in the financial world, how people deal with it and the consequences.


RECOMMENDED WEBSITES