FIN422 Schedule

FIN 422: Student Managed Investment Fund

Larry Schrenk, Instructor

Schedule and Supplements

Topic Number
Date

Topics

Readings

(Available in D2L)

Part I: Financial Market Analysis

1

(Top)

Week 1

1/8 to 1/14

Efficient Capital Markets, Behavioral Finance, and Technical Analysis I

Slides: Topic 0, Topic 1

Group Information:

Groups have been assigned in D2L.

Your group might want to set up a Microsoft Teams Site for the presentations. It allows your group to communicate, post documents, and, probably most importantly, edit common documents, such as PowerPoint slides. Information on setting up a Teams Site at WSU is here.

NOTE: All end-of-chapter problem solutions are available in D2L.

Chap. 5

Presentation Instructions

REQUIRED Readings

FIN 422: Presentation/Report Instructions and Guidelines

Brian Bruce on Presentations

Since this is copyrighted material, you will find it on the Course Pages in D2L.

Optional Videos

Preseenting:

10 20 30 Rule

Killer Presentation Skills

How to Present to Keep Your Audience's Attention

4 Essential Body Language Skills

PowerPoint:

How to Avoid Death by PowerPoint

How to Create an Awesome Slide Presentation

How to Design a Good Slide PowerPoint

PowerPoint - SNL (for fun)

Graphics/Data Visualization:

Data Visualization Keynote with Alberto Cairo

Week 2

11/15 to 1/21

Efficient Capital Markets, Behavioral Finance, and Technical Analysis II

Slides: continued

MLK Day, Monday 1/15, No Classes

Same

Week 3

1/22 to 1/28

Efficient Capital Markets, Behavioral Finance, and Technical Analysis III

Slides: continued

Presentation 1: 1) an overview of your firm, 2) an overview of the industry, its issues and trends, and the firm’s competitors, 3) a discussion of the areas that you might investigate for mispricing and the techniques you might use to demonstrate the mispricing, and 4) a discussion of why this would be an appropriate addition to the portfolio.

MindTap Assignment: Due 2/11 (MindTap Assignments are in D2L).

Same

2

(Top)

Week 4

1/29 to 2/4

The Practice of Fundamental Investing

Slides: Topic 2

MindTap Assignment: Due 2/18

Chap. 10

3

(Top)

Week 5

2/5 to 2/11

The Top-Down Approach to Market, Industry, and Company Analysis I

Slides: Topic 3

Presentation 2:  1) seven ways capital can be allocated, 2) compensation and governance, 3) analysis of the industry and its trends, and 4) construction of a peer group.

Chap. 9

Week 6

2/12 to 2/18

The Top-Down Approach to Market, Industry, and Company Analysis II

Slides: continued

MindTap Assignment: Due 3/3

Assessment Day, Tuesday 2/13, No Classes

Same

4

(Top)

Week 7

2/19 to 2/25

Free Cash Flow Analysis I

Slides: Topic 4

Reading: Damodaran, Investment Valuation 2e, Chap. 14 FCFE

Presentation 3: 1) what are your firm's competitive advantages and do they have a 'moat'?, 2) characterize your firm, e.g., growth, value, defensive, cyclical, etc., 3) the competitive strategy of your firm using Porter's analysis of competition, and SWOT analysis, and 4) revenue and earnings trends: five years of historical data and five years of projections.

Presentation Notes: In (2), do not limit yourself to the categories or discussions in the textbook, and in (4) be prepared to explain how you calculated the projections and how you justify them in economic and financial terms.

MindTap Assignment: None

Damodaran, Chap. 14 (D2L Login Required)

Week 8

2/26 to 3/3

Free Cash Flow Analysis II

Slides: continued

Reading: Same

MindTap Assignment: None

Exam 1, Friday 3/1 (through Topic 4)

Same

Spring Break 3/4 to 3/8

Week 9

3/11 to 3/17

Free Cash Flow Analysis III

Slides: continued

Reading: Same

MindTap Assignment: None

Same

Part II: Financial Statement Analysis

5

(Top)

Week 10

3/18 to 3/24

Ratio Analysis I

Slides: Topic 6

Presentation 4: Free Cash Flow to Equity (FCFE) Model

MindTap Assignment: None

Brigham, Chap. 4

Week 11

3/25 to 3/31

Ratio Analysis II

Slides: Same

Presentation 5: Final Presentation Practice (After each of your final presentations, send me your slides. Send then as PowerPoint slides attached to an e-mail; do not send me a link to OneDrive, Dropbox, etc., since those often do not work for me.)

MindTap Assignment: None



Same

Part III: Advanced Portfolio Management

6

(Top)
Week 12
4/1 to 4/7
Equity Portfolio Management Strategies

Slides: Topic 6

Presentation 6: Final Presentation Practice

MindTap Assignment: Due 4/14

Fall Registration, Monday 4/1



Chap. 11

7

(Top)
Week 13
4/8 to 4/14
Professional Portfolio Management, Alternative Assets, and Industry Ethics

Slides: Topic 7

Presentation 7: Final Presentation Practice

MindTap Assignment: Due 4/21

Spring Break Day, Friday 4/12, No Classes

Chap. 17

8

(Top)
Week 14
4/15 to 4/21
Evaluation of Portfolio Performance

Slides: Topic 8

Presentation 8: Final Presentation Practice

MindTap Assignment: Due 4/26

        Research Day, Thursday 4/18, No Classes



Chap. 18

Week 15
4/22 to 4/26 Presentations to the WSU Foundation

  Date: TBA

Final Exam

  Date: See Registrar's Website

Equity Report due in D2L: TBA (To avoid penalties, please follow the submission instructions in D2L exactly.)

Topic Number	Date	Topics	Readings (Available in D2L)
		Part I: Financial Market Analysis
1 (Top)	Week 1 1/8 to 1/14	Efficient Capital Markets, Behavioral Finance, and Technical Analysis I Slides: Topic 0, Topic 1 Group Information: Groups have been assigned in D2L. Your group might want to set up a Microsoft Teams Site for the presentations. It allows your group to communicate, post documents, and, probably most importantly, edit common documents, such as PowerPoint slides. Information on setting up a Teams Site at WSU is here. NOTE: All end-of-chapter problem solutions are available in D2L.	Chap. 5
		Presentation Instructions REQUIRED Readings FIN 422: Presentation/Report Instructions and Guidelines Brian Bruce on Presentations Since this is copyrighted material, you will find it on the Course Pages in D2L. Optional Videos Preseenting: 10 20 30 Rule Killer Presentation Skills How to Present to Keep Your Audience's Attention 4 Essential Body Language Skills PowerPoint: How to Avoid Death by PowerPoint How to Create an Awesome Slide Presentation How to Design a Good Slide PowerPoint PowerPoint - SNL (for fun) Graphics/Data Visualization: Data Visualization Keynote with Alberto Cairo
	Week 2 11/15 to 1/21	Efficient Capital Markets, Behavioral Finance, and Technical Analysis II Slides: continued MLK Day, Monday 1/15, No Classes	Same
	Week 3 1/22 to 1/28	Efficient Capital Markets, Behavioral Finance, and Technical Analysis III Slides: continued Presentation 1: 1) an overview of your firm, 2) an overview of the industry, its issues and trends, and the firm’s competitors, 3) a discussion of the areas that you might investigate for mispricing and the techniques you might use to demonstrate the mispricing, and 4) a discussion of why this would be an appropriate addition to the portfolio. MindTap Assignment: Due 2/11 (MindTap Assignments are in D2L).	Same
2 (Top)	Week 4 1/29 to 2/4	The Practice of Fundamental Investing Slides: Topic 2 MindTap Assignment: Due 2/18	Chap. 10
3 (Top)	Week 5 2/5 to 2/11	The Top-Down Approach to Market, Industry, and Company Analysis I Slides: Topic 3 Presentation 2: 1) seven ways capital can be allocated, 2) compensation and governance, 3) analysis of the industry and its trends, and 4) construction of a peer group.	Chap. 9
	Week 6 2/12 to 2/18	The Top-Down Approach to Market, Industry, and Company Analysis II Slides: continued MindTap Assignment: Due 3/3 Assessment Day, Tuesday 2/13, No Classes	Same
4 (Top)	Week 7 2/19 to 2/25	Free Cash Flow Analysis I Slides: Topic 4 Reading: Damodaran, Investment Valuation 2e, Chap. 14 FCFE Presentation 3: 1) what are your firm's competitive advantages and do they have a 'moat'?, 2) characterize your firm, e.g., growth, value, defensive, cyclical, etc., 3) the competitive strategy of your firm using Porter's analysis of competition, and SWOT analysis, and 4) revenue and earnings trends: five years of historical data and five years of projections. Presentation Notes: In (2), do not limit yourself to the categories or discussions in the textbook, and in (4) be prepared to explain how you calculated the projections and how you justify them in economic and financial terms. MindTap Assignment: None	Damodaran, Chap. 14 (D2L Login Required)
	Week 8 2/26 to 3/3	Free Cash Flow Analysis II Slides: continued Reading: Same MindTap Assignment: None Exam 1, Friday 3/1 (through Topic 4)	Same
		Spring Break 3/4 to 3/8
	Week 9 3/11 to 3/17	Free Cash Flow Analysis III Slides: continued Reading: Same MindTap Assignment: None	Same
		Part II: Financial Statement Analysis
5 (Top)	Week 10 3/18 to 3/24	Ratio Analysis I Slides: Topic 6 Presentation 4: Free Cash Flow to Equity (FCFE) Model MindTap Assignment: None	Brigham, Chap. 4
	Week 11 3/25 to 3/31	Ratio Analysis II Slides: Same Presentation 5: Final Presentation Practice (After each of your final presentations, send me your slides. Send then as PowerPoint slides attached to an e-mail; do not send me a link to OneDrive, Dropbox, etc., since those often do not work for me.) MindTap Assignment: None	Same
		Part III: Advanced Portfolio Management
6 (Top)	Week 12 4/1 to 4/7	Equity Portfolio Management Strategies Slides: Topic 6 Presentation 6: Final Presentation Practice MindTap Assignment: Due 4/14 Fall Registration, Monday 4/1	Chap. 11
7 (Top)	Week 13 4/8 to 4/14	Professional Portfolio Management, Alternative Assets, and Industry Ethics Slides: Topic 7 Presentation 7: Final Presentation Practice MindTap Assignment: Due 4/21 Spring Break Day, Friday 4/12, No Classes	Chap. 17
8 (Top)	Week 14 4/15 to 4/21	Evaluation of Portfolio Performance Slides: Topic 8 Presentation 8: Final Presentation Practice MindTap Assignment: Due 4/26 Research Day, Thursday 4/18, No Classes	Chap. 18
	Week 15 4/22 to 4/26	Presentations to the WSU Foundation Date: TBA
		Final Exam Date: See Registrar's Website Equity Report due in D2L: TBA (To avoid penalties, please follow the submission instructions in D2L exactly.)