The Ben Graham Centre for Value Investing held its annual International MBA Stock Picking Competition in Toronto, Ontario, Canada, on April 9, 2024.
Teams from MBA schools from around the world will compete for $14,000 in cash prizes. Three finalist teams will make presentations to a panel of distinguished value investors. On April 10, the finalist teams will attend the Ben Graham Centre’s Value Investing Conference where the winners will be announced. On April 11, the finalists will also be invited to attend the Fairfax Financial Holdings Ltd. Annual General Meeting at Roy Thomson Hall in Toronto, Ontario, Canada.
REGISTRATION CLOSED
Competition Winners
Twenty-one teams registered in the 2024 International MBA Stock Picking Competition and contributed to the Competition’s success. Schools that participated put forward excellent research reports in the first round of the Competition making the judges' choices for the final round challenging.
Three teams were selected to participate in the Competition finals held on April 19, 2024. The panel of judges was thoroughly impressed by all three presentations. The finalist teams were ranked as follows:
1st Place: Barna Management School
Team members: Fernando Germes, Jacek Swiatkowski, Gustavo Tavares
2nd Place: Yale School of Management, Yale University
Team members: Jose Joaquin Castellon, Adam Kulam, Tareq Mia
3rd Place: Ivey School of Business, Western University
Team members: Aditya Bajaj, Tamas Oberoi, Karan Setia
Media Coverage
"Looking for value stocks? Some lessons from the masters"
The Globe and Mail, April 21, 2024
"Teamwork key to victory in stock picking competition"
Ivey News, April 11, 2024
Competition Photos
George Athanassakos' Welcome & Introductory Comments
Ivey Business School Team Presenting
Judges Asking Questions
Audience
Yale School of Management Team Presenting
Judges Asking Questions
Barna Management School Team Presenting
Post-competition dinner with the judges and the contestants
Timetable
TEAM REGISTRATION
Team registration opened at 09:00 EST on October 13, 2023.
Teams, consisting of up to three students, registered by 23:59 EST on January 8, 2024.
Registration was capped at a maximum of 30 MBA programs (or equivalent Masters' programs). Multiple teams per school could register and participate in the 1st round, but only 1 team per school could advance to the 2nd round.
ATTENDEE REGISTRATION
Attendee registration opened at 09:00 EST on January 8, 2024, and closed at 23:59 EST on March 29, 2024.
1st ROUND
‣ In the 1st round of the Competition, a list of stocks to choose from was shared with participating teams at 09:00 EST on January 17, 2024.
‣ Teams submittted a research report of their chosen stock to the Competition Managers, no later than 07:59 EST, on February 2, 2024.
‣ Three teams chosen as finalists (only 1 team per school) were notified by 15:59 EST on February 19, 2024.
2nd ROUND
‣ In the 2nd round of the Competition, a new company to analyze and value was given to each finalist team at 09:00 EST on March 25, 2024. This stock was the same for all finalist teams.
‣ Each finalist team submitted their final PowerPoint presentation, no later than 07:59 EST, on April 4, 2024, to the Competition Managers.
‣ Each finalist team were invited to present their respective analyses on April 9, 2024, to a panel of distinguished value investors.
‣ The finalist teams were invited to attend the Ben Graham Centre’s 2024 Value Investing Conference on April 10, 2024, where the winners will be announced, as well as the Fairfax Financial Holdings Ltd. Annual General Meeting on April 11, 2024, both in Toronto, Ontario, Canada.
‣ Each of the top three finalist teams were guaranteed a cash prize, with first place awarded $8,000, second place $4,000 and third place $2,000.
Learn More about the Competition
Thank you to our Donors
We would like to thank our donors for their generous support. Platinum Donors: Burgundy Asset Management Ltd., Robotti & Company Advisors, and Stacey Muirhead Capital Management. Gold Donors: Bristol Gate Capital Partners Inc., and The Center for the Advancement of Value Investing Education. Silver Donors: Peters MacGregor Capital Management.
