During the 2017 ACIIC Spring Conference, we met many industry professionals in finance,
competed in a stock pitch competition, met finance students from all around Canada, got to
explore a new city, and learned a lot more about each other.
Through a panel discussion and several social events with industry professionals, we learned
about their career paths, pros and cons of their jobs, and important aspects of recruiting. We
also mingled with them over dinner and drinks, which was a great opportunity to learn about
networking outside of a professional setting.
As this was my first stock pitch competition, I learned a lot about value investing and how to
pick out the small percentage of companies that are mispriced by the market, thus making
them good investments as they can be purchased below fair value. Some of the things we
learned included discounted cash flow modelling, football field analysis, comparable companies
analysis, stock price modelling, how to analyze annual reports and year-end financial
statements, and how to develop an investment thesis. Even if I never apply what I learned in a
workplace setting, learning how to be a value investor is crucial for growing personal wealth.
We had an opportunity to meet students from nine different schools in Canada. It was a great
experience competing against them as well as getting to know them in social settings.
Several of us were completely new to Toronto, and it was an enriching experience exploring
Canada’s largest city.
Having pulled back-to- back all-nighters with each other, with one of us going 52 hours without
sleep, we got to know each other a lot better. It’s opportunities like this conference that help
Sauder students step out of their comfort zones and develop relationships with their peers that
will last a lifetime, and I’m glad to have shared this experience with the UBC ACIIC team.