This fall, some upper schoolers will contend in the Wharton Global Stock Competition against a thousand other teams from across the world. This competition is run by the Wharton School of Business at the University of Pennsylvania, and the winners will gain free admission to their Global Financial Youth program.
This year, led by Global Financial Markets teacher Mr. Brian Long, the school has entered three teams.
Fifth Former Drew Carasco’s team has great ambitions for the challenge ahead. Carasco believes that diversity is the key to success.
“You need to have great teammates with lots of different skills,” Carasco said. “If you have a bunch of good writers on the team, you might end up writing really well, but then you don’t have other aspects of the team.”
With this in mind, Carrasco’s team of seven consists of Third Former Jack Collier, Fourth Formers Hugh Williams, Anantvir Othie, and Kevin Chan, and Fifth Formers Ranvir Gill and George Kanteliotis.
In the few years that Haverford has participated in this competition, a team has not yet made it to the semi-finals.
The winner is not decided by which team makes the most money, but rather by the process and the research behind each stock decision based on the scenario Wharton provides each team.
The winner is not decided by which team makes the most money, but rather by the process and the research behind each stock decision based on the scenario Wharton provides each team.
Carrasco believes that changes they are making this year could be the difference maker.
“Instead of trying to pick the best possible stocks that [we] think are going to do the best, [we will focus] more [on] meeting the actual needs that the employer wants,” Carasco said.
With a new hope and plan for winning, the team has a solid chance of making the semi-finals this year. Members will focus on teamwork and putting together an award-worthy final product.
“A portfolio is better than its individual parts,” Carasco said.
