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Investment Night 2017: Looking Back
On May 2, the fifth edition of the Investment Night took place. During this interactive evening, various professional investors came to the Studio of Theaters Tilburg to discuss and share their investing strategies with the students from Tilburg University. The evening The Investment Night, led by chairman of the evening, Janneke Willemse, hosted a panel of three distinguished speakers who discussed several topics about how to invest by yourself and how to deal with risk. The panel consisted of Roel Gooskens (independent stock analyst), Jean-Paul van Oudheusden (COO of IEX Group) and Hans Betlem (CIO of IBS Capital Allies). The speakers came up with presentations about value investing, portfolio management and identifying risk. Besides the presentations, there was a quiz and the victor won ‘The Little Book That Still Beats the Market’ of Joel Greenblatt. As the event is built upon the guest speakers, the committee selected an interesting mix of professionals that have a strong view about investing and the stock market. As a result, the speakers exchanged many surprising insights and had very interesting discussions. I would like to introduce the guest speakers of the evening. “Watch out for people who say ‘never’ and worst case scenarios can be much worse in the future!” Janneke Willemse As the chairman of the evening, Janneke Willemse kicked off the evening with a short introduction of the speakers. She led the Q&As, discussions and the quiz. Janneke Willemse is a presenter, journalist and a keen investor. She is stock markets commentator for financial news channel RTL Z, presents Geldzaken on 7 Ditches TV and frequently moderates seminars and debates. She presented broadcast WNL op Zondag on NPO 1 and was nominated for the Upcoming Talent Award at Gouden Televizier-Ring in 2014. Janneke started the successful website BlondjesBeleggenBeter.nl, a nod to the many studies showing that women invest better than men. Her returns beat benchmark AEX in 2014, 2015 and 2016. Roel Gooskens Roel Gooskens showed the audience his four-step approach of investing. He emphasized value investing and the enemies of the private investor. He came up with very strong arguments and recommendations. Furthermore, he was very open about his personal preferences of investments and shared a lot of his experience. Roel Gooskens has a degree in Business Economics in Tilburg. From 1984 to 1988, he worked as asset manager at Robeco. Thereafter, he worked at Van Meer James Capel (became HSBC) for thirteen years. His functions were subsequently analyst, Head Research of the Netherlands and Head Smaller Companies Research Europe. He even became the Managing Director of HSBC Nederland. From 2001 to 2010, he worked at Asset Management Franklin Mutual (part of Franklin Temptation) as general analyst/stockpicker. Furthermore, Roel Gooskens was representative for his clients in lawsuits against DSM, HunterDouglas and Unilever. Roel Gooskens is well-known as a critical stock analyst in the financial world. He was one of the first who noticed and warned for Ahold’s troubles. Lately his name was mentioned in connection with Value8. Value8 is the investment company of Peter Paul de Vries, former CEO of the VEB. Furthermore, he wrote several controversial analyses for Follow the Money. Jean-Paul van Oudheusden Jean-Paul emphasized the madness of the day and showed the audience what is important to watch when you want to invest. He explained that we have to be our own portfolio manager and put things in perspective. As an example, he compared it with a football formation: savings as the keeper, bonds are the defense, stocks and ETFs in the midfield and turbos and options as the strikers. Jean-Paul van Oudheusden is an investor in heart and soul. After his Master in Econometrics at Erasmus University in Rotterdam he started his career as a management trainee at ABN AMRO Asset Management during the ‘camping hausse’ of 1997. From 2000 onwards he built a reputation as a specialist in the Dutch banking sector. He worked in the dealing rooms of ABN AMRO and RBS in London and Amsterdam for twelve years and stood at the cradle of the investment product turbo. After three years at BinckBank he is now one of the directors at the listed media company IEX to lead the company into financial services. Hans Betlem Hans Betlem explained that concerning to risk, we are all future blind. It is hard to identify risk and he showed us the problem of induction from different perspectives in relationship with the trinity of risk. Watch out for people who say ‘never’ and worst case scenarios can be much worse in the future! From 1985 till 2012 Hans Betlem worked at Merrill Lynch in Amsterdam where he was responsible for managing client portfolios. In 2012 Hans Betlem and four partners purchased the small Amsterdam-based asset manager IBS Vermogensbeheer. Since then they have successfully transformed IBS into a boutique specialized in asset management, corporate advisory, alternative investments, fiduciary management and fund management. Along the way, they changed the name of their company into IBS Capital Allies. Hans Betlem is the Chief Investment Officer at IBS. Hans also spoke on the third edition (two years ago) of the Investment Night. To summarize, it was a fun evening including a lot of interesting and surprising insights. Moreover, this edition of Investment Night had a record number of registrations (over 200) and I believe it was very successful. Both the speakers and guests were very enthusiastic. Afterwards, Jean-Paul van Oudheusden tweeted about some advices he followed up from the speakers that evening: On behalf of Asset | Accounting & Finance, we would like to thank the speakers, the guests and our partners for this amazing night. This would not be a success without the committee and our coordinator, so I want to thank Melissa, Manon, Krijn, Walter and Loran for everything they have done. I am very proud that the Investment Night 2017 was a great success. We are looking forward to the next edition!
Investment Night 2017: Looking Back
On May 2, the fifth edition of the Investment Night took place. During this interactive evening, various professional investors came to the Studio of Theaters Tilburg to discuss and share their investing strategies with the students from Tilburg University. The evening The Investment Night, led by chairman of the evening, Janneke Willemse, hosted a panel of three distinguished speakers who discussed several topics about how to invest by yourself and how to deal with risk. The panel consisted of Roel Gooskens (independent stock analyst), Jean-Paul van Oudheusden (COO of IEX Group) and Hans Betlem (CIO of IBS Capital Allies). The speakers came up with presentations about value investing, portfolio management and identifying risk. Besides the presentations, there was a quiz and the victor won ‘The Little Book That Still Beats the Market’ of Joel Greenblatt. As the event is built upon the guest speakers, the committee selected an interesting mix of professionals that have a strong view about investing and the stock market. As a result, the speakers exchanged many surprising insights and had very interesting discussions. I would like to introduce the guest speakers of the evening. “Watch out for people who say ‘never’ and worst case scenarios can be much worse in the future!” Janneke Willemse As the chairman of the evening, Janneke Willemse kicked off the evening with a short introduction of the speakers. She led the Q&As, discussions and the quiz. Janneke Willemse is a presenter, journalist and a keen investor. She is stock markets commentator for financial news channel RTL Z, presents Geldzaken on 7 Ditches TV and frequently moderates seminars and debates. She presented broadcast WNL op Zondag on NPO 1 and was nominated for the Upcoming Talent Award at Gouden Televizier-Ring in 2014. Janneke started the successful website BlondjesBeleggenBeter.nl, a nod to the many studies showing that women invest better than men. Her returns beat benchmark AEX in 2014, 2015 and 2016. Roel Gooskens Roel Gooskens showed the audience his four-step approach of investing. He emphasized value investing and the enemies of the private investor. He came up with very strong arguments and recommendations. Furthermore, he was very open about his personal preferences of investments and shared a lot of his experience. Roel Gooskens has a degree in Business Economics in Tilburg. From 1984 to 1988, he worked as asset manager at Robeco. Thereafter, he worked at Van Meer James Capel (became HSBC) for thirteen years. His functions were subsequently analyst, Head Research of the Netherlands and Head Smaller Companies Research Europe. He even became the Managing Director of HSBC Nederland. From 2001 to 2010, he worked at Asset Management Franklin Mutual (part of Franklin Temptation) as general analyst/stockpicker. Furthermore, Roel Gooskens was representative for his clients in lawsuits against DSM, HunterDouglas and Unilever. Roel Gooskens is well-known as a critical stock analyst in the financial world. He was one of the first who noticed and warned for Ahold’s troubles. Lately his name was mentioned in connection with Value8. Value8 is the investment company of Peter Paul de Vries, former CEO of the VEB. Furthermore, he wrote several controversial analyses for Follow the Money. Jean-Paul van Oudheusden Jean-Paul emphasized the madness of the day and showed the audience what is important to watch when you want to invest. He explained that we have to be our own portfolio manager and put things in perspective. As an example, he compared it with a football formation: savings as the keeper, bonds are the defense, stocks and ETFs in the midfield and turbos and options as the strikers. Jean-Paul van Oudheusden is an investor in heart and soul. After his Master in Econometrics at Erasmus University in Rotterdam he started his career as a management trainee at ABN AMRO Asset Management during the ‘camping hausse’ of 1997. From 2000 onwards he built a reputation as a specialist in the Dutch banking sector. He worked in the dealing rooms of ABN AMRO and RBS in London and Amsterdam for twelve years and stood at the cradle of the investment product turbo. After three years at BinckBank he is now one of the directors at the listed media company IEX to lead the company into financial services. Hans Betlem Hans Betlem explained that concerning to risk, we are all future blind. It is hard to identify risk and he showed us the problem of induction from different perspectives in relationship with the trinity of risk. Watch out for people who say ‘never’ and worst case scenarios can be much worse in the future! From 1985 till 2012 Hans Betlem worked at Merrill Lynch in Amsterdam where he was responsible for managing client portfolios. In 2012 Hans Betlem and four partners purchased the small Amsterdam-based asset manager IBS Vermogensbeheer. Since then they have successfully transformed IBS into a boutique specialized in asset management, corporate advisory, alternative investments, fiduciary management and fund management. Along the way, they changed the name of their company into IBS Capital Allies. Hans Betlem is the Chief Investment Officer at IBS. Hans also spoke on the third edition (two years ago) of the Investment Night. To summarize, it was a fun evening including a lot of interesting and surprising insights. Moreover, this edition of Investment Night had a record number of registrations (over 200) and I believe it was very successful. Both the speakers and guests were very enthusiastic. Afterwards, Jean-Paul van Oudheusden tweeted about some advices he followed up from the speakers that evening: On behalf of Asset | Accounting & Finance, we would like to thank the speakers, the guests and our partners for this amazing night. This would not be a success without the committee and our coordinator, so I want to thank Melissa, Manon, Krijn, Walter and Loran for everything they have done. I am very proud that the Investment Night 2017 was a great success. We are looking forward to the next edition!
Investment Night 2017: Looking Back
On May 2, the fifth edition of the Investment Night took place. During this interactive evening, various professional investors came to the Studio of Theaters Tilburg to discuss and share their investing strategies with the students from Tilburg University. The evening The Investment Night, led by chairman of the evening, Janneke Willemse, hosted a panel of three distinguished speakers who discussed several topics about how to invest by yourself and how to deal with risk. The panel consisted of Roel Gooskens (independent stock analyst), Jean-Paul van Oudheusden (COO of IEX Group) and Hans Betlem (CIO of IBS Capital Allies). The speakers came up with presentations about value investing, portfolio management and identifying risk. Besides the presentations, there was a quiz and the victor won ‘The Little Book That Still Beats the Market’ of Joel Greenblatt. As the event is built upon the guest speakers, the committee selected an interesting mix of professionals that have a strong view about investing and the stock market. As a result, the speakers exchanged many surprising insights and had very interesting discussions. I would like to introduce the guest speakers of the evening. “Watch out for people who say ‘never’ and worst case scenarios can be much worse in the future!” Janneke Willemse As the chairman of the evening, Janneke Willemse kicked off the evening with a short introduction of the speakers. She led the Q&As, discussions and the quiz. Janneke Willemse is a presenter, journalist and a keen investor. She is stock markets commentator for financial news channel RTL Z, presents Geldzaken on 7 Ditches TV and frequently moderates seminars and debates. She presented broadcast WNL op Zondag on NPO 1 and was nominated for the Upcoming Talent Award at Gouden Televizier-Ring in 2014. Janneke started the successful website BlondjesBeleggenBeter.nl, a nod to the many studies showing that women invest better than men. Her returns beat benchmark AEX in 2014, 2015 and 2016. Roel Gooskens Roel Gooskens showed the audience his four-step approach of investing. He emphasized value investing and the enemies of the private investor. He came up with very strong arguments and recommendations. Furthermore, he was very open about his personal preferences of investments and shared a lot of his experience. Roel Gooskens has a degree in Business Economics in Tilburg. From 1984 to 1988, he worked as asset manager at Robeco. Thereafter, he worked at Van Meer James Capel (became HSBC) for thirteen years. His functions were subsequently analyst, Head Research of the Netherlands and Head Smaller Companies Research Europe. He even became the Managing Director of HSBC Nederland. From 2001 to 2010, he worked at Asset Management Franklin Mutual (part of Franklin Temptation) as general analyst/stockpicker. Furthermore, Roel Gooskens was representative for his clients in lawsuits against DSM, HunterDouglas and Unilever. Roel Gooskens is well-known as a critical stock analyst in the financial world. He was one of the first who noticed and warned for Ahold’s troubles. Lately his name was mentioned in connection with Value8. Value8 is the investment company of Peter Paul de Vries, former CEO of the VEB. Furthermore, he wrote several controversial analyses for Follow the Money. Jean-Paul van Oudheusden Jean-Paul emphasized the madness of the day and showed the audience what is important to watch when you want to invest. He explained that we have to be our own portfolio manager and put things in perspective. As an example, he compared it with a football formation: savings as the keeper, bonds are the defense, stocks and ETFs in the midfield and turbos and options as the strikers. Jean-Paul van Oudheusden is an investor in heart and soul. After his Master in Econometrics at Erasmus University in Rotterdam he started his career as a management trainee at ABN AMRO Asset Management during the ‘camping hausse’ of 1997. From 2000 onwards he built a reputation as a specialist in the Dutch banking sector. He worked in the dealing rooms of ABN AMRO and RBS in London and Amsterdam for twelve years and stood at the cradle of the investment product turbo. After three years at BinckBank he is now one of the directors at the listed media company IEX to lead the company into financial services. Hans Betlem Hans Betlem explained that concerning to risk, we are all future blind. It is hard to identify risk and he showed us the problem of induction from different perspectives in relationship with the trinity of risk. Watch out for people who say ‘never’ and worst case scenarios can be much worse in the future! From 1985 till 2012 Hans Betlem worked at Merrill Lynch in Amsterdam where he was responsible for managing client portfolios. In 2012 Hans Betlem and four partners purchased the small Amsterdam-based asset manager IBS Vermogensbeheer. Since then they have successfully transformed IBS into a boutique specialized in asset management, corporate advisory, alternative investments, fiduciary management and fund management. Along the way, they changed the name of their company into IBS Capital Allies. Hans Betlem is the Chief Investment Officer at IBS. Hans also spoke on the third edition (two years ago) of the Investment Night. To summarize, it was a fun evening including a lot of interesting and surprising insights. Moreover, this edition of Investment Night had a record number of registrations (over 200) and I believe it was very successful. Both the speakers and guests were very enthusiastic. Afterwards, Jean-Paul van Oudheusden tweeted about some advices he followed up from the speakers that evening: On behalf of Asset | Accounting & Finance, we would like to thank the speakers, the guests and our partners for this amazing night. This would not be a success without the committee and our coordinator, so I want to thank Melissa, Manon, Krijn, Walter and Loran for everything they have done. I am very proud that the Investment Night 2017 was a great success. We are looking forward to the next edition!
Study Tour 2016: a journey of learning and exploring in Brazil
Every year, Asset | Accounting & Finance organizes a Study Tour to a foreign country. In 2016, I had the honor to organize the Study Tour to Brazil together with my amazing committee members. We visited three different cities in Brazil, namely São Paulo, Paraty and Rio de Janeiro. The Study Tour was a perfect mixture of learning new things by visiting companies and universities, and getting in touch with the Brazilian culture and its beautiful environment. Company and university visits The external affairs of our committee were determined to find the most interesting companies for the participants. In my opinion, they certainly achieved their goal. There was a nice mix between typical Brazilian companies, such as The Brazilian Development Bank, and well-known companies such as BDO and ABN AMRO. There was a certain hierarchy to be seen during company visits. For instance, the managers at BDO have their own rooms, while the other employees of a division sit next to each other in the same room. Furthermore, the Brazilian business life is quite masculine. When asking about women at the top, mostly one or two women are in the top management. However, at the lower levels we did not notice a difference in the male/female ratio. This was evenly divided. Another thing we noticed is that Brazilians are really proud of their language, and are somehwat stubborn to switch to English. It was quite remarkable that Brazilian students find it hard to talk in English. Corruption and political instability During the company and university visits, a lot of emphasis has been put on corruption and the political instability. Corruption almost seems like a common phenomenon in Brazil. One of the large issues regarding corruption is that the news media in Brazil is failing to meet their ‘gatekeeping and agenda-setting’ functions. The broadcasting law is outdated, and moreover, the Congress has power over the media as they determine who obtains the broadcasting and radio licenses. Professor Michener from FGV EBAPE (private university in Rio de Janeiro) wrote an article on this topic, which you can read here. Brazilian students also told us that it is hard to follow the news from foreign countries. Even if they are putting effort in it, they can’t really obtain news from abroad as the Brazilian media has much power. Presidency in Brazil People in Brazil have very different views on the change in presidency. We asked opinions on Temer during our company and university visits, and even people in the same business had very different opinions. One is really pro-Temer, while the other is really against Temer. It seemed that there is no way in between. I think the way people think about Temer really depends on their surroundings; your family, friends and acquaintances. Everybody seemed really involved in the presidency in Brazil. The issue in Brazil considering politics is that there are many parties to be seen. In other words, the population is really fragmented in Brazil. If you want to get political stability in Brazil, something has to be done with the divided population, which is a hard thing to do. Even if you walk the streets, you notice the political instability. We saw several (little) demonstrations against Temer, which communicated a clear message: “One thing is for sure: Temer will not be the president again after his term ends.” Land marks, culture and nature Besides the company and university visits, we had time to explore the cities of São Paulo, Paraty and Rio de Janeiro. We have done way too much to expand on every activity, so I will just name several things: we had a fancy dinner on the rooftop of the Skye Bar in São Paulo, we saw thé Christ the Redeemer, we made a jeep tour through the forest, we had a relaxing day at the Copacabana and we learned the basics of the samba. Furthermore, there were two activities in particular which I really enjoyed: a boat trip to Ilha Grande and a tour through the Favelas in Rio de Janeiro. With the boat trip, we visited the Blue Lagoon, Green Lake and several little islands. It was a beautiful day which gave us the feeling that we were on vacation for a while. When visiting the Favelas, two Brazilians guided us through it. This tour was very special, as the guides were born and raised in the Favelas. This way they were able to tell us all the details, even about the ‘gangs’ in the Favelas and that living in the Favelas can be quite violent. All in all, it was a Study Tour which will not be easily forgotten! Lastly, I would like to thank my committee members and coordinator for organizing the Study Tour. Nena, Roel, Roel, Steven, Kahina and Elleke, we did it guys!
Study Tour 2016: a journey of learning and exploring in Brazil
Every year, Asset | Accounting & Finance organizes a Study Tour to a foreign country. In 2016, I had the honor to organize the Study Tour to Brazil together with my amazing committee members. We visited three different cities in Brazil, namely São Paulo, Paraty and Rio de Janeiro. The Study Tour was a perfect mixture of learning new things by visiting companies and universities, and getting in touch with the Brazilian culture and its beautiful environment. Company and university visits The external affairs of our committee were determined to find the most interesting companies for the participants. In my opinion, they certainly achieved their goal. There was a nice mix between typical Brazilian companies, such as The Brazilian Development Bank, and well-known companies such as BDO and ABN AMRO. There was a certain hierarchy to be seen during company visits. For instance, the managers at BDO have their own rooms, while the other employees of a division sit next to each other in the same room. Furthermore, the Brazilian business life is quite masculine. When asking about women at the top, mostly one or two women are in the top management. However, at the lower levels we did not notice a difference in the male/female ratio. This was evenly divided. Another thing we noticed is that Brazilians are really proud of their language, and are somehwat stubborn to switch to English. It was quite remarkable that Brazilian students find it hard to talk in English. Corruption and political instability During the company and university visits, a lot of emphasis has been put on corruption and the political instability. Corruption almost seems like a common phenomenon in Brazil. One of the large issues regarding corruption is that the news media in Brazil is failing to meet their ‘gatekeeping and agenda-setting’ functions. The broadcasting law is outdated, and moreover, the Congress has power over the media as they determine who obtains the broadcasting and radio licenses. Professor Michener from FGV EBAPE (private university in Rio de Janeiro) wrote an article on this topic, which you can read here. Brazilian students also told us that it is hard to follow the news from foreign countries. Even if they are putting effort in it, they can’t really obtain news from abroad as the Brazilian media has much power. Presidency in Brazil People in Brazil have very different views on the change in presidency. We asked opinions on Temer during our company and university visits, and even people in the same business had very different opinions. One is really pro-Temer, while the other is really against Temer. It seemed that there is no way in between. I think the way people think about Temer really depends on their surroundings; your family, friends and acquaintances. Everybody seemed really involved in the presidency in Brazil. The issue in Brazil considering politics is that there are many parties to be seen. In other words, the population is really fragmented in Brazil. If you want to get political stability in Brazil, something has to be done with the divided population, which is a hard thing to do. Even if you walk the streets, you notice the political instability. We saw several (little) demonstrations against Temer, which communicated a clear message: “One thing is for sure: Temer will not be the president again after his term ends.” Land marks, culture and nature Besides the company and university visits, we had time to explore the cities of São Paulo, Paraty and Rio de Janeiro. We have done way too much to expand on every activity, so I will just name several things: we had a fancy dinner on the rooftop of the Skye Bar in São Paulo, we saw thé Christ the Redeemer, we made a jeep tour through the forest, we had a relaxing day at the Copacabana and we learned the basics of the samba. Furthermore, there were two activities in particular which I really enjoyed: a boat trip to Ilha Grande and a tour through the Favelas in Rio de Janeiro. With the boat trip, we visited the Blue Lagoon, Green Lake and several little islands. It was a beautiful day which gave us the feeling that we were on vacation for a while. When visiting the Favelas, two Brazilians guided us through it. This tour was very special, as the guides were born and raised in the Favelas. This way they were able to tell us all the details, even about the ‘gangs’ in the Favelas and that living in the Favelas can be quite violent. All in all, it was a Study Tour which will not be easily forgotten! Lastly, I would like to thank my committee members and coordinator for organizing the Study Tour. Nena, Roel, Roel, Steven, Kahina and Elleke, we did it guys!
