Investment Development Program

WITG offers an investing development team for those with limited investing experience that teaches the fundamentals of investing, finance and accounting to help prepare students for admission to investing teams. Development Team sessions will be held on Tuesdays from 6:30-7:30pm in JMHH 270 and on Wednesdays from 7:30-8:30 in JMHH 350. The same curriculum will be taught, so feel free to attend whichever fits your schedule better.


Curriculum Description

Subject to change
Week 1 - Introduction to Investing
Week 2 - How to Determine the Quality of a Business
Week 3 - How to Source Ideas and Conduct Research
Week 4 - The Basics of Accounting
Week 5 - Introducing: WACC and ROIC
Week 6 - Walking through a Discounted Cash Flow
Week 7 - How to Think about Multiples
Week 8 - Overview of Fields in FInance


Development Team Teachers - Fall 2019

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Clifford Yeo

Clifford is a senior in Wharton studying Finance and Business Analytics. He was previously Co-President of WITG. After graduation, he will be joining KKR’s Private Equity team in New York. He has previously interned at PJT Partners (Restructuring and Special Situations Group), Marshall Wace (long short hedge fund strategy), GIC (EM public equity), and Quadra Capital (private equity). In his free time, Clifford enjoys scuba diving, going outdoors, baseball, poker, and soccer (Manchester United).

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Max Bai

Max is a Wharton senior from Toronto, Canada concentrating in Finance and Accounting. He is the current Portfolio Manager of the Special Situations Group and was President of WITG during the 2018 – 2019 school year, having previously served as the VP of Investing and the VP of Membership. In addition, Max teaches the WITG Development Team and is involved in two student-run investment funds; he is a current investment team member and former sector leader of Global Platinum Securities (GPS) as well as the former Chief Investment Officer of the Pennsylvania Investment Alliance (PIA). Max worked this past summer at Houlihan Lokey’s Financial Restructuring Group (Global Financial Restructuring, Distressed M&A, and Special Situations) in New York and will be returning to the Group in a full-time capacity after graduation. Max previously worked as a hedge fund summer analyst at Julian Robertson’s Tiger Management in New York and as an investment summer analyst at Cidel Asset Management in Toronto. In his free time, Max enjoys practicing karate and exercising; he also loves investing, poker, soccer, and classical music.

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Tai Zhang

Tai is a senior in Wharton studying finance, statistics, and minoring in mathematics in the College. Tai previously interned at hedge funds P. Schoenfeld Asset Management (PSAM) and Anchorage Capital Group working on distressed debt and special situation investments. He anticipates returning to Anchorage Capital full-time as an investment analyst. Besides investing, Tai is a fan of taking bad beats in poker, EDM, and hitting the pool.

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Karl Valentini

Karl is a senior from Montreal concentrating in finance and statistics at Wharton. He has been involved with WITG since freshman year and been on several investment teams, including the TMT, Special Situations Group and Tactical Opportunities teams. This past summer, he interned at Morgan Stanley in investment banking in their Global Technology Group in Menlo Park. He will be joining Silver Lake Partners full-time in New York. In his free time, he enjoys running, traveling and following soccer (Tottenham Hotspur).