This course focuses on the firm’s financial and economic behavior. The firm needs cash to undertake worthy investments, and the firm needs to identify investments worth undertaking. What models does the firm use to identify such investments? What sources of cash can the firm use? How do the financial markets in which this money is raised function? How does the market value the firm, its securities, and its investments? What financial instruments are available to the firm? What are the microeconomic models that best describe a firm’s behavior in such markets?
In answering these questions, the participants discuss stocks, bonds, stock markets, as well as valuation models of investments, firms, and securities. They also work with concepts like optimal investment strategies, what is revealed and what is hidden in published accounting statements, and what are some of the sources of risk. Students also acquire familiarity with the mechanics and history of the financial markets. The course includes asynchronous work, which students are expected to complete between class sessions.
Tom Leach is a managing member for Preakness Hills Capital, which provides due diligence and valuation services to Wall Street buy-side firms. At Bennett Lawrence Management he served as the technology analyst for the multi-billion AUM investment firm. Prior to Wall Street, Tom worked in the semiconductor industry for Xilinx and National Semiconductor, both in a sales capacity and as a principal engineer. His designs have generated over $100 million in product revenues. He has also authored multiple articles for trade magazines and holds a U.S. patent. Tom holds an MBA from Columbia Business School and is a member of Beta Gamma Sigma, the Business School Honor Society. He received his BS in electrical engineering from New Jersey Institute of Technology. He is a member of Eta Kappa Nu, the Electrical Engineering Honor Society. In off hours, Tom likes to body surf and read books on solving very large problems.
Specific course details such as topics, activities, hours, and instructors are subject to change at the discretion of the University. Not all instructors listed for a course teach all sections of that course.