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 merger.
  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, but do you want to show that you really learned something about investing? Subscriptions for the B&R Investor Exam are open now! Below, you can find some information and the subscription form.


FAQ

Why would I take part in this exam?

B&R Beurs is a society with almost 1000 members, all of them valuable in one way or another. These members differ quite a lot in investment knowledge. By getting your B&R Investor Certificate, you can show that you got more knowledge than the average member. Next to this, this will be a valuable addition to your CV. In a few years, the goal is that relevant companies know what the Investor Exam is and what it tells about the members that passed it.

What is the course material for the Investor Exam?

The Academy Articles form the core subject material of the Investor Exam. The knowledge that you are required to have are described by the learning goals and will be tested on the exam. The Academy Slides can be used as supportive material. You will receive the Academy Articles & Slides once you are subscribed for the Academy Mail.

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, two tracks on level 2 and two 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.

If I have any questions on the subject material, where and when can I ask them?

You can always ask your questions at the beginning and at the end of every academy, by sending your questions to career@bnrbeurs.nl or dropping by the office.

What can I expect from the exam?

The exam will consist of 5 Multiple Choice questions per track per level. If you take the exam at minimum requirements, you will have to do 1*5 + 1*5 + 2*5 + 2*5 +3*5 + 3*5 = 60 questions. You will have exactly 2 hours to complete the exam. The exam will be similar to the practice exam that will be sent out 3 weeks before the real exam.

When and where will the Investor Exam take place?

The exam is scheduled for the 11th of May 2017 and will take place in Y1-20.

I only attended half of the academies, can I still do the Investor Exam?

Yes, most definitely. If you study the academy articles well, you should be able to pass the Investor Exam.

Will there be an opportunity to practice for the exam?

Yes, there will be a practice exam, which will give you a good preview on the real exam. Furthermore, you can use the midterm as practice material.

When is the deadline for subscribing to the exam?

The deadline for subscribing for the exam is Thursday, the 13th of April at 23:59. Until this deadline, you are allowed to change your choices for the levels of the exam. In case you want to change your choices, please send an email to career@bnrbeurs.nl.

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 this during a interactive session. During this workshop you will discover what the endless possibilities of Bloomberg are and how you can use this for your investment proposals.

Did you miss the previous workshops? You can receive the reader by either subscribing to the Academy Mail (click here) or send a request to career@bnrbeurs.nl and work through the workshop yourself.

We will keep you posted about upcoming workshops!

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 New Sell and Sell Short – Alexander Elder

Good introduction into technical analysis. The book explains the concept of technical analysis and is fully focused on the practical side of things. Different indicators are discussed along with personals experiences. Short and long term investing are also discussed.

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 Oxford Handbook of Banking

Extensive academic research into the banking industry, the book explains how money works and the role banks play in it. It also goes over regulations, macro-economic implications, international differences between banks, effectiveness and crises.

The Big Short – Michiel Lewis

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

Boomerang – Michiel Lewis

Book about the crisis in Iceland, Greece and german banking problems. Interesting look behind the scenes of financial crises.

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.

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.

Capitalism

Confessions of an Economic Hitman – John Perkins

A book that shows a different side of capitalism. The author worked for the American government and where he had to convince countries to receive ‘aid’. He describes the large sovereign debts of those countries, how they got those and the consequences.

Debt the first 5000 years – David Graeber

Why do we actually need to our debts? David Graeber goes on an antropological journey across time to find out why this is the case. Along the way you’ll learn about the origins and functioning of capitalism, money and debt.

23 Things they don’t tell you about Capitalism – Ha-Joon Chang

A famous economist that shows the ins and outs of capitalism. He challenges you think differently about capitalism and differentiates ideology from fact.

Capital in the 21th century – Piketty

With this book inequality reappeared in the picture of every economist and government. A thorough discussion of the mechanics, origin and persistence of economic inequality.

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.

House of Cards (not the serie) – William D. Cohan

Another story about the financial crisis, his time the focus is on Lehman, AIG and Bear Stearns, with their view on the government bail out and their own last minute solutions.

Fun!

Turtle Traders – Michiel W. Covel

A myth on Wall Street. Is investing an art of science? Someone decides to find out and teaches random people on the street some investment skills and sees what happens.

The Wolf of Wall Street – Jordan Belfort

Ask Scorsese

Thinking, Fast and Slow – Daniel Kahneman

One of the most read behavioural economists. The books deals with assumptions in economic models and biases that make our behaviour ‘unrational’.

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.

Ethics

Economics of Good and Evil – Sedlacek

Sedlaceks thesis is that economics is basically about good and evil. A theoretical read for the more philosophic investor.

M&A

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.

Mergers & Acquisitions: From A to Z

This book discusses everything that has to do with M&A, where valuations come from, what problems arise and how deal with them and common mistakes.

Private Equity

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.


RECOMMENDED WEBSITES